Dow Falls 600 Points; AMC Entertainment Shares Plunge – AMC Entertainment (NYSE: AMC ), Calavo Growers (NASDAQ: CVGW )

US stocks were lower at the end of the session, with the Dow Jones down more than 600 points on Thursday.

The Dow fell 1.84% to 32,761.20 and the Nasdaq fell 3% to 10,389. The S&P 500 also fell 2.33% to 3,787.90.

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Leading and lagging industries

The consumer staples sector fell just 0.9 percent on Thursday.At the same time, the leading department include caravo growers co. CVGWup 3%, and Whole Earth Brands, Inc. freeup 3%.

In Thursday’s trading, the information technology stock fell 3.7%.

headline News

The U.S. economy grew at an annualized rate of 3.2% in the third quarter, higher than the second estimate of 2.9%.

stock trades up

• ProQR Therapeutics NV PRQR Shares soared 81% to $2.9801 after the company and Eli Lilly announced an expanded licensing and collaboration agreement for new genetic medicines. ProQR will receive an upfront payment of $75 million, plus an equity investment.
• shares ORIC Pharmaceuticals any Shares jumped 55% to $4.66 Pfizer $4.65 per share, about $25 million in earnings.
• IsoPlexis International Organization for Standardization Shares also rose, rising 129% to $1.58. Berkeley Lights announced plans to acquire IsoPlexis in a $57.8 million all-stock transaction.

stock trading down

• Evolv Technology Holdings EVLV Shares fell 26 percent to $2.0250. Evolv Technology announced a $75 million non-dilutive debt financing with Silicon Valley Bank.
• shares AMC Entertainment Holdings asset management company Shares fell 15 percent to $4.4799 after the company announced it had raised $110 million in equity. The company also announced a proposed vote to convert its preferred stock to common stock and effect a reverse stock split.
• Evergreen International Holdings Limited EVK It fell 36% to $0.3490. Ever-Glory announces its voluntary delisting from the Nasdaq Global Market.

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commodity

In commodity news, oil prices fell 0.5 percent to $77.88, while gold fell 1.2 percent to $1,803.20.

Silver fell 1.7 percent to $23.785 on Thursday, while copper fell 1.3 percent to $3.7615.

euro zone

European stock markets were lower today. The Euro Stoxx 600 Index fell 0.97%, London’s FTSE 100 Index fell 0.37%, and Spain’s IBEX 35 Index fell 0.36%. Germany’s DAX fell 1.30%, France’s CAC 40 fell 0.95%, and Italy’s FTSE MIB fell 1.24%.

Italian November industrial producer prices rose 29.4% year-on-year. Business investment in the UK fell by 2.5% quarter-on-quarter in the third quarter. The British economy grew by 1.9% year-on-year in the third quarter, and the current account deficit narrowed to 19.4 billion pounds.

Asia Pacific market

Asian markets were mixed on Thursday, with Japan’s Nikkei up 0.46% and Hong Kong’s Hang Seng up 2.71%. China’s Shanghai Composite Index fell 0.46%.

Japan’s index of coincident economic indicators fell to 99.6 in October from 100.8 in the previous month, while the index of leading economic indicators rose to 98.6 in October from 98.2 in September.

economics

• As of December 17 the week, the number of US initial jobless claims increased by 2,000 to 216,000, higher than market expectations of 220,000.
• The U.S. economy grew at an annualized rate of 3.2% in the third quarter, higher than the second estimate of 2.9%.

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COVID-19 update

The United States has the highest number of coronavirus cases and deaths in the world, with a total of 102,048,470 reported cases and about 1,114,930 deaths. In total, India has confirmed at least 44,677,590 cases and 530,680 deaths, while France has reported more than 39,025,730 COVID-19 cases, including 160,870 deaths. In total, there have been at least 659,881,370 cases of COVID-19 worldwide and more than 6,678,920 deaths.