Nasdaq Tumbles Over 350 Points; US Initial Jobless Claims Increase

by | Feb 26, 2026 | General

U.S. stocks traded mostly lower this morning, with the Nasdaq Composite dipping more than 350 points on Thursday.

The Dow traded down 0.10% to 49,432.55 while the NASDAQ dipped 1.57% to 22,788.62. The S&P 500 also fell, dropping, 0.88% to 6,884.75.

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Leading and Lagging Sectors

Financial shares gained by 1.2% on Thursday.

In trading on Thursday, information technology stocks fell by 2.2%.

Top Headline

U.S. initial jobless claims rose by 4,000 from the previous week to 212,000 during the third week of February, compared to market estimates of 215,000.

Equities Trading UP
           

  • Avalon Globocare Corp (NASDAQ:ALBT) shares shot up 123% to $1.14 after the company announced that it has been accepted into the Advanced Micro Devices AI Developer Program.
  • Shares of Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) got a boost, surging 79% to $0.93 after the company initiated plan to deploy bitcoin and fund share buybacks through structured trading strategy.
  • Curanex Pharmaceuticals Inc (NASDAQ:CURX) shares were also up, gaining 61% to $0.51. The New York-based pharmaceutical company announced on Wednesday the completion of a Good Manufacturing Practice (GMP)-compliant pilot-scale batch of its lead botanical drug candidate, Phyto-N.

Equities Trading DOWN

  • eLong Power Holding Ltd (NASDAQ:ELPW) shares dropped 55% to $0.14 as the company announced pricing of $7.0 million public offering.
  • Shares of Eos Energy Enterprises Inc (NASDAQ:EOSE) were down 42% to $6.46 after the company reported mixed fourth-quarter financial results and issued lower-than-expected FY26 sales guidance.
  • Array Technologies Inc (NASDAQ:ARRY) was down, falling 38% to $6.80 after the company reported fourth-quarter financial results and issued fY26 adjusted EPS guidance below estimates.

Commodities

In commodity news, oil traded up 0.5% to $65.76 while gold traded down 0.9% at $5,178.80.

Silver traded down 4.6% to $86.765 on Thursday, while copper fell 0.6% to $6.0085.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.3%, while Spain’s IBEX 35 Index fell 0.1%. London’s FTSE 100 rose 0.2%, Germany’s DAX gained 0.2% and France’s CAC 40 rose 0.6% during the session.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 0.29%, Hong Kong’s Hang Seng index dipping 1.44%, China’s Shanghai Composite falling 0.01% and India’s BSE Sensex slipping 0.03%.

Economics

  • U.S. natural-gas stocks fell 52 billion cubic feet in the week ended Feb. 20, compared to market expectations of a 36 bcf draw.
  • U.S. initial jobless claims rose by 4,000 from the previous week to 212,000 during the third week of February, compared to market estimates of 215,000.

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