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S&P 500 Moves Lower; US Crude Oil Inventories Increase
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S&P 500 Moves Lower; US Crude Oil Inventories Increase
Nov 15, 2024 11:51 AM

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 150 points on Thursday.

The Dow traded down 0.38% to 43,790.84 while the NASDAQ fell 0.34% to 19,166.29. The S&P 500 also fell, dropping, 0.37% to 5,963.37.

Check This Out: Jim Cramer Recommends Microsoft, Praises American Water Works For Being ‘Consistent’

Leading and Lagging Sectors

Information technology shares rose by 0.2% on Thursday.

In trading on Thursday, industrials shares fell by 1.4%.

Top Headline

U.S. crude oil inventories increased by 2.089 million barrels in the week ended Nov. 8, compared to market estimates of a 1.85 million gain.

Equities Trading UP

                       

AgEagle Aerial Systems, Inc. ( UAVS ) shares shot up 129% to $3.68 after the company announced 17 new purchase orders for its eBee TAC drones from U.S. defense and security customers.

Shares of DLocal Limited ( DLO ) got a boost, surging 16% to $10.48 after the company reported better-than-expected third-quarter revenue results.

AC Immune SA ( ACIU ) shares were also up, gaining 20% to $3.7503 after the company announced interim safety and immunogenicity data from the Phase 2 VacSYn clinical trial evaluating ACI-7104.056 for the treatment of patients with early Parkinson's disease.

Equities Trading DOWN

Nuvectis Pharma, Inc. ( NVCT ) shares dropped 40% to $6.35 after the company reported data from its Phase 1b study evaluating NXP800.

Shares of Sow Good Inc. ( SOWG ) were down 58% to $4.1099 after the company reported worse-than-expected quarterly financial results.

Vislink Technologies, Inc. ( VISL ) was down, falling 32% to $4.4535 after the company reported worse-than-expected third-quarter financial results.

Commodities

In commodity news, oil traded down 0.1% to $68.41 while gold traded down 0.4% at $2,575.60.

Silver traded down 0.4% to $30.555 on Thursday, while copper fell 0.2% to $4.0750.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 1.08%, Germany's DAX climbed 1.37% and France's CAC 40 gained 1.32%. Spain's IBEX 35 Index gained 1.29%, while London's FTSE 100 rose 0.51%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index falling 1.96%, China's Shanghai Composite Index dipping 1.73% and India's BSE Sensex falling 0.14%.

Economics

U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the week ending Nov. 9, compared to market estimates of 223,000.

U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

U.S. crude oil inventories increased by 2.089 million barrels in the week ended Nov. 8, compared to market estimates of a 1.85 million gain.

Now Read This:

Nvidia To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Thursday

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