Crude Oil Dips 7%; ISM Services PMI Falls In March
Benzinga (Thu, 03-Apr 12:13 PM)
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dipping more than 800 points on Thursday.
The Dow traded down 3.07% to 40,929.87 while the NASDAQ fell 4.83% to 16,750.33. The S&P 500 also fell, dropping, 3.73% to 5,459.39.
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Leading and Lagging Sectors
Consumer staples shares rose by 0.4% on Thursday.
In trading on Thursday, energy shares tumbled by 5.6%.
Top Headline
The ISM services PMI dipped to 50.8 in March versus a reading of 53.5 in February, and down from market estimates of 53.
Equities Trading UP
