The Dow sank 1.05 percent to 34,317.76 at the close of business on Thursday, while the NASDAQ fell 0.75 percent to 14,554.76. The S&P 500 index also declined, falling 1.01 percent to 4,314.10.
The United States has the largest number of coronavirus cases and deaths in the world, with 33,771,940 cases and 606,220 deaths reported. India reported a total of 30,709,550 cases and 405,020 deaths, whereas Brazil reported a total of 18,909,030 COVID-19 cases and 528,540 deaths. According to data provided by Johns Hopkins University, there were at least 185,125,230 cases of COVID-19 worldwide, with more than 4,002,920 deaths.
Sectors that are leading and those that are lagging
On Thursday, consumer discretionary stocks gained 0.2 percent. GAN Limited (NASDAQ: GAN) and Group 1 Automotive, Inc. (NYSE: GPI) were the sector’s top gainers, up 15 percent and 9 percent, respectively.
Financial stocks slumped 1.8 percent in Thursday’s trade.
Headline 1:
Initial unemployment claims in the United States increased to 373,000 in the most recent week, up from 371,000 the week before. Analysts, on the other hand, had predicted a reading of 350,000.
Equities are rising in value.
Carver Bancorp, Inc. (NASDAQ: CARV) stock soared 240 percent to $35.93 as traders viewed it as a high-short interest name.
GBS Inc. (NASDAQ: GBS) saw its stock rise 16 percent to $3.4250 after the firm revealed that it had been given a $4.7 million Australian Federal Government scientific grant to develop biosensor technology.
Digital Brands Group, Inc. (NASDAQ: DBGI) saw its stock rise 16 percent to $6.09 after the firm announced that its Q2 revenue is expected to climb by about 100% over Q1 2021 statistics.
Take a look at today’s big movers.
Trading in equities is down.
The stock of Vista Gold Corp. (NYSE: VGZ) fell 20% to $0.9606 after the company raised its previously announced bought deal offering to $13.5 million.
Pop Culture Group Co., Ltd (NASDAQ: CPOP) shares were down 26% to $19.45 on Thursday, following a decrease of roughly 17% on Wednesday due to post-IPO volatility.
As traders shared a finance.sinia.com post stating “The 360 IOU APP, the primary product of 360 Digital, has been withdrawn,” 360 DigiTech, Inc. (NASDAQ: QFIN) was down 24 percent to $25.27.
Commodities
Oil rose 0.7 percent to $72.68, while gold fell 0.1 percent to $1,800.10 in commodity news.
Silver declined 0.4 percent to $26.015 on Thursday, while copper fell 1.4 percent to $4.2615.
The Eurozone
Today’s European stock market close was down. The STOXX 600 index in the eurozone sank 1.72 percent, the Ibex Index in Spain fell 2.31 percent, and the DAX 30 in Germany fell 1.73 percent. Meanwhile, the FTSE 100 in London fell 1.68 percent, the CAC 40 in France down 2.01 percent, and the FTSE MIB in Italy fell 2.55 percent.
The German current account surplus climbed to EUR 13.1 billion in May, up from EUR 7.1 billion the previous month, while the trade surplus increased to EUR 12.3 billion, up from EUR 7 billion the previous month.
Economics
Initial unemployment claims in the United States increased to 373,000 in the most recent week, up from 371,000 the week before.
The EIA reported that crude stocks declined by 6.866 million barrels in the week ending July 2nd.
In the week ending July 2, working gas kept in storage facilities increased by 16 billion cubic feet.
At 3:00 p.m. ET, consumer credit data for May will be revealed.
The complete economic calendar can be seen here (C) 2021. Benzinga.com. Benzinga does not offer financial advice. All intellectual property rights are reserved./n
