U.S. stocks traded lower this morning, with the Dow Jones index falling more than 800 points on Thursday.

Following the market opening Thursday, the Dow traded down 2.06% to 39,773.54 while the NASDAQ dipped 2.93 % to 16,623.63. The S&P 500 also fell, dropping, 2.51% to 5,320.16.

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Leading and Lagging Sectors

Consumer staples shares surged by 0.9% on Thursday.

In trading on Thursday, energy shares fell by 3.6%.

Top Headline

The annual inflation rate in the US fell for a second straight month to 2.4% in March, recording the lowest level since September, compared to 2.8% in the previous month and versus market estimates of 2.6%.

Equities Trading UP

Sharps Technology, Inc. ( STSS ) shares shot up 131% to $0.0325.

Shares of Pasithea Therapeutics Corp. ( KTTA ) got a boost, surging 81% to $1.9783 after a Safety Review Committee recommended escalating to the next dose level of 30mg capsule in its ongoing Phase 1 trial of PAS-004 for advanced cancer.

ReShape Lifesciences Inc. ( RSLS ) shares were also up, gaining 63% to $0.5601. ReShape Lifesciences ( RSLS ) on Wednesday signed an agreement with Haifa, Israel-based Motion Informatics to exclusively import and distribute their neuromuscular rehabilitation devices in the U.S.

Equities Trading DOWN

Marin Software Incorporated ( MRIN ) shares dropped 55% to $0.58 after the company announced plans for dissolution, which its board of directors has approved.

Shares of Venus Concept Inc. ( VERO ) were down 50% to $4.50 after the company announced a $1.1 million registered direct offering of common stock priced at-the-market under Nasdaq rules.

Damon Inc. ( DMN ) was down, falling 45% to $0.0067.

Commodities

In commodity news, oil traded down 3.3% to $60.28 while gold traded up 2.2% at $3,147.90.

Silver traded up 1.8% to $30.965 on Thursday, while copper rose 4.2% to $4.3675.

Euro zone

European shares were higher today. The eurozone's STOXX 600 climbed 4.9%, Germany's DAX 40 climbed 5.4% and France's CAC 40 jumped 5.2%. Spain's IBEX 35 Index jumped 5.5%, while London's FTSE 100 rose 4.2%.

Asia Pacific Markets

Asian markets closed higher on Thursday, with Japan's Nikkei 225 jumping 9.13%, China's Shanghai Composite gaining 1.16% and Hong Kong's Gang Seng index rising 2.06%.

Economics

The annual inflation rate in the US fell for a second straight month to 2.4% in March, recording the lowest level since September, compared to 2.8% in the previous month and versus market estimates of 2.6%.

U.S. initial jobless claims increased by 4,000 from the previous week to 223,000 during the first week of April.

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