US stocks traded lower towards the end of trade, with the Dow Jones down around 600 points on Thursday.
The Dow fell 2.04% to 29,078.45 while the NASDAQ fell 3.59% to 10,655.25. The S&P 500 was also down 2.53% to 3,625.09.
Leading and lagging sectors
Energy stocks fell just 0.2% on Thursday.
In Thursday’s trading, consumer discretionary stocks fell 3.7%.
top heading
The US economy shrank an annualized 0.6% qoq in the second quarter, compared with a 1.6% drop in the previous quarter.
Stock trading UP
- BigBear.ai Holdings, Inc. BBAI Shares soared 34% to $1.59 after the company announced it had won a $14.8 million contract for a US Army Global Force Information Management system.
- shares of Senti Biosciences, Inc. SNTI got a boost, soaring 49% to $2.08 after B of A Securities initiated coverage of the stock with a buy rating and a price target of $7.
- SilverSun Technologies, Inc. SSNT Shares were also higher, gaining 23% to $3.06 after the company announced it had entered into a definitive agreement and proposed merger with Rhodium Enterprises.
Stocks are trading down
- Sunlight Financial Holdings Inc. SUNL Shares fell 58% to $1.0701 after the company announced it was withdrawing its previously provided full-year 2022 guidance metrics.
- shares of Isoray, Inc. ISR down 29% to $0.2151 after the company announced it had entered into a definitive agreement to acquire Viewpoint Molecular Targeting.
- Twin Vee Powercats Co. VEEE was down, falling 29% to $2.53 after the company priced a public offering of 2.5 million shares at $2.75 per share.
Also Read: Investor Anxiety Eases Slightly After Dow Climbs Above 500 Points
raw materials
On commodities news, oil rose 0.2% to $82.30, while gold fell 0.1% to $1,668.70.
Silver was up 1% on Thursday at $18.70 while copper was up 1.8% at $3.4185.
euro zone
European stocks closed lower…
