Dow Dips Over 300 Points; US Initial Claims Rise

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 300 points on Thursday.

The Dow traded down 0.74% to 43,864.15 while the NASDAQ fell 0.27% to 21,113.04. The S&P 500 also fell, dropping, 0.45% to 6,316.34.

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Leading and Lagging SectorsUtilities shares jumped by 1.2% on Thursday.

In trading on Thursday, health care stocks fell by 1.2%.

Top Headline

U.S. initial jobless claims surged by 7,000 to 226,000 in the final week of July, compared to market expectations of a reading of 221,000.

Equities Trading UP           

Aveanna Healthcare Holdings Inc (NASDAQ:AVAH) shares shot up 42% to $5.54 after the company reported better-than-expected second-quarter financial results and issued FY25 revenue guidance above estimates.

Shares of Brilliant Earth Group, Inc. (NASDAQ: