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    Dow Tumbles Over 800 Points; US Inflation Rate Falls In March

    Benzinga·04/10/2025 13:54:02
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    U.S. stocks traded lower this morning, with the Dow Jones index falling more than 800 points on Thursday.

    Following the market opening Thursday, the Dow traded down 2.06% to 39,773.54 while the NASDAQ dipped 2.93 % to 16,623.63. The S&P 500 also fell, dropping, 2.51% to 5,320.16.

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    Leading and Lagging Sectors

    Consumer staples shares surged by 0.9% on Thursday.

    In trading on Thursday, energy shares fell by 3.6%.

    Top Headline

    The annual inflation rate in the US fell for a second straight month to 2.4% in March, recording the lowest level since September, compared to 2.8% in the previous month and versus market estimates of 2.6%.

    Equities Trading UP
                           

    • Sharps Technology, Inc. (NASDAQ:STSS) shares shot up 131% to $0.0325.
    • Shares of Pasithea Therapeutics Corp. (NASDAQ:KTTA)got a boost, surging 81% to $1.9783 after a Safety Review Committee recommended escalating to the next dose level of 30mg capsule in its ongoing Phase 1 trial of PAS-004 for advanced cancer.
    • ReShape Lifesciences Inc. (NASDAQ:RSLS) shares were also up, gaining 63% to $0.5601. ReShape Lifesciences on Wednesday signed an agreement with Haifa, Israel-based Motion Informatics to exclusively import and distribute their neuromuscular rehabilitation devices in the U.S.

    Equities Trading DOWN

    • Marin Software Incorporated (NASDAQ:MRIN) shares dropped 55% to $0.58 after the company announced plans for dissolution, which its board of directors has approved.
    • Shares of Venus Concept Inc. (NASDAQ:VERO) were down 50% to $4.50 after the company announced a $1.1 million registered direct offering of common stock priced at-the-market under Nasdaq rules.
    • Damon Inc. (NASDAQ:DMN) was down, falling 45% to $0.0067.

    Commodities

    In commodity news, oil traded down 3.3% to $60.28 while gold traded up 2.2% at $3,147.90.

    Silver traded up 1.8% to $30.965 on Thursday, while copper rose 4.2% to $4.3675.

    Euro zone

    European shares were higher today. The eurozone's STOXX 600 climbed 4.9%, Germany's DAX 40 climbed 5.4% and France's CAC 40 jumped 5.2%. Spain's IBEX 35 Index jumped 5.5%, while London's FTSE 100 rose 4.2%.

    Asia Pacific Markets

    Asian markets closed higher on Thursday, with Japan's Nikkei 225 jumping 9.13%, China's Shanghai Composite gaining 1.16% and Hong Kong's Gang Seng index rising 2.06%.

    Economics

    • The annual inflation rate in the US fell for a second straight month to 2.4% in March, recording the lowest level since September, compared to 2.8% in the previous month and versus market estimates of 2.6%.
    • U.S. initial jobless claims increased by 4,000 from the previous week to 223,000 during the first week of April.

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