Nasdaq Down Over 100 Points; US Producer Inflation Stalls In February

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.18% to 41,276.26 while the NASDAQ dipped 0.71% to 17,523.60. The S&P 500 also fell, dropping, 0.33% to 5,580.80.

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Leading and Lagging Sectors

Energy shares gained by 0.9% on Thursday.

In trading on Thursday, consumer discretionary shares dipped by 1.8%.

Top Headline

U.S. producer prices unexpectedly stagnated in February, while core inflation posted a rare contraction, reinforcing hopes that cost pressures may be easing despite lingering concerns over trade tariffs.

U.S. producer prices came in unchanged in February from January compared to a revised 0.6% increase in the previous period and versus estimates of a 0.3% gain.

Equities Trading UP
                       

• Lifeward Ltd. (NASDAQ:LFWD) shares shot up 78% to $2.6091 as the company received 510(k) FDA clearance for the newest generation of its Personal Exoskeleton Device, The ReWalk 7.
• Shares of Newton Golf Company (NASDAQ:SPGC)got a boost, surging 58% to $0.1704. Sacks Parente Golf recently initiated a 1-for-30 reverse stock split and announced a rebranding to the name Newton Golf.
• Regencell Bioscience Holdings Limited (NASDAQ:RGC) shares were also up, gaining 26% to $5.79.

Equities Trading DOWN

• Aditxt, Inc. (NASDAQ:ADTX) shares dropped 40% to $0.0341 after the company announced a 1-for-250 reverse stock split.
• Shares of Century Casinos, Inc.  (NASDAQ:CNTY) were down 29% to $1.7485 after the company reported weak fourth-quarter financial results.
• Highest Performances Holdings Inc. (NASDAQ:HPH) was down, falling 28% to $0.1420.

Commodities

In commodity news, oil traded down 0.8% to $67.15 while gold traded up 0.1% at $2,950.20.

Silver traded down 0.6% to $33.555 on Thursday, while copper fell 0.4% to $4.8310.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX 40 fell 0.8% and France's CAC 40 fell 0.5%. Spain's IBEX 35 Index rose 0.3%, while London's FTSE 100 fell 0.1%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei dipping 0.08%, China's Shanghai Composite Index falling 0.39% and Hong Kong's Hang Seng Index falling 0.58%, India's BSE Sensex falling 0.27%.

Economics

• U.S. producer prices came in unchanged in February from January compared to a revised 0.6% increase in the previous period and versus estimates of a 0.3% gain.
• U.S. initial jobless claims declined by 2,000 to 220,000 in the first week of March, compared to market estimates of 225,000.

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