US Stocks Mixed; Dow Falls Over 100 Points

U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.28% to 49,770.06 while the NASDAQ rose 0.50% to 25,965.47. The S&P 500 also rose, gaining, 0.07% to 7,370.13.

Leading and Lagging Sectors

Information technology shares jumped by 1.1% on Thursday.

In trading on Thursday, energy stocks fell by 2.8%.

Top Headline

McDonald’s Corp. (NYSE:MCD) reported higher first-quarter earnings and sales on Thursday.

The company reported first-quarter adjusted earnings per share of $2.83, beating the analyst consensus estimate of $2.74. Quarterly sales of $6.517 billion outpaced the Street view of $6.466 billion.

Equities Trading UP
           

• Agilon Health Inc (NYSE:AGL) shares shot up 102% to $56.44 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. Also, the company raised its FY26 sales guidance above estimates.
• Shares of Global Engine Group Holding Ltd (NASDAQ:GLE) got a boost, surging 71% to $0.62 after the company announced its entry into a non-binding strategic memorandum of understanding with Angkasa-X to develop a fully integrated Space-to-AI digital infrastructure platform.
• Rackspace Technology, Inc. (NASDAQ:RXT) shares were also up, gaining 70% to $3.86 after the company reported better-than-expected first-quarter sales results.

Equities Trading DOWN

• OneConstruction Group Ltd (NASDAQ:ONEG) shares dropped 86% to $0.91.
• Shares of GD Culture Group Ltd (NASDAQ:GDC) were down 79% to $0.26.
• enGene Therapeutics Inc (NASDAQ:ENGN) was down, falling 79% to $1.88 after reporting updated interim results from LEGEND pivotal cohort.

Commodities

In commodity news, oil traded down 4.5% to $90.83 while gold traded up 1.5% at $4,766.30.

Silver traded up 6.3% to $82.180 on Thursday, while copper rose 0.4% to $6.2120.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 0.8%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 1.3%, Germany's DAX fell 0.6%, while France's CAC 40 declined 0.7%.

Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 5.58%, Hong Kong's Hang Seng Index gaining 1.57% and India's BSE Sensex falling 0.15%

Economics

• U.S. construction spending increased by 0.6% month-over-month in March compared to a 0.2% declined in the previous month.
• U.S. nonfarm business sector labor productivity surged by 0.8% in the first quarter following a revised 1.6% gain in the previous quarter.
• U.S. initial jobless claims climbed by 10,000 to 200,000 in the last week of April.
• U.S. unit labor costs in the nonfarm business sector rose by 2.3% in the first quarter.

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