All Stock Markets Trending Down before Thursday Opening Session
The three major indexes- S&P 500, Dow Jones Industrial, and Nasdaq Composite- are all down slightly ahead of the opening session for Thursday morning.
Even so, there were some major movers on Thursday that traders need to be aware of. Most of those were medical stocks that were experiencing huge gains after positive testing data was reported for new pharmaceuticals.
Dow Jones closed down 0.06% on Wednesday with no major movement from any of its stocks. The biggest change came from Boeing, which jumped 2.78% for the day. Goldman Sachs climbed 1.32%, with Walt Disney trailing behind with a 1.26% increase. UnitedHealth was the Dow Jones’ biggest loser, with a drop of 2.95% for the day.
The S&P 500 index closed down 0.17% with a loss of 8.42 points. Axon Enterprise was the big winner there, with a nearly 14% increase from the previous day thanks to a positive earnings report that showed the military technology company earned 31% more than the last earnings report.
Healthcare company Viatris lost the most on the S&P 500, dropping 7.11% for the day. However, the company has managed to score several consecutive quarters of revenue gains and could be poised to turn around soon.
Nasdaq Recap
The Nasdaq Composite fell 87 points, down 0.55% from where it stood Tuesday. This was the index where we saw the most movement, with several medical stocks rising quickly after promising reports. Technology and healthcare stocks were both the big winners and losers on this index.
More information on specific Nasdaq stocks can be found in our market recap this morning, but even though the market looks quiet when examining the overall change, individual stocks were moving quickly and balancing each other out. There is still plenty of opportunity for traders to see their investments pay off in a big way with the right stocks on the Nasdaq Composite, and a few major movers were anything but quiet on Wednesday. We expect many of them to keep moving dramatically through Thursday.
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