Dow Tumbles 1%; US Initial Jobless Claims Decline

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 1% on Thursday.

Following the market opening Thursday, the Dow traded down 1.08% to 42,543.11 while the NASDAQ dipped 1.52% to 18,270.27. The S&P 500 also fell, dropping, 1.34% to 5,764.33.

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Leading and Lagging Sectors

Consumer staples shares fell by just 0.6% on Thursday.

In trading on Thursday, real estate shares dipped by 2.5%.

Top Headline

Initial jobless claims declined by 21,000 from the previous week to 221,000 during the last week of February, compared to market estimates of 235,000.

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