Gold Falls Over 1%; D.R. Horton Posts Downbeat Earnings

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index falling more than 450 points on Thursday.The Dow traded down 1.20% to 39,191.93 while the NASDAQ fell 0.09% to 16,293.14. However, the S&P 500 gained 0.30% to 5,291.42.Check This Out: Top 3 Industrials Stocks That May Plunge This MonthLeading and Lagging SectorsEnergy shares surged by 2.5% on Thursday.In trading on Thursday, information technology shares fell by 0.9%.Top HeadlineD.R. Horton, Inc DHI reported worse-than-expected second-quarter results and lowered its FY25 guidance.Sales fell 15% year-over-year (Y/Y) to $7.73 billion, missing the consensus of $8.03 billion. EPS was $2.58, missing the consensus of $2.67. Net sales orders fell 15% Y/Y to 22,437 homes and decreased 17% Y/Y in value to $8.4 billion.D.R. Horton revised its FY25 revenue guidance to $33.3 billion-$34.8 billion (from $36.0 billion – $37.5 billion) versus the consensus of $36.4 billion.Equities Trading UP Baijiayun Group Ltd RTC shares shot up 60% to $0.3447 after the company announced it formed a partnership with Xinlantian to combine their AI video and large language model technologies with expertise in autism rehabilitation.Shares of Adagio Medical Holdings, Inc. ADGMgot a boost, surging 138% to $2.0792 after the FDA granted Breakthrough Device Designation for the vCLAS cryoablation system.Channel Therapeutics Corporation CHRO shares were also up, gaining 52% to $1.9080. Ligand Pharmaceuticals Incorporated LGND and Channel Therapeutics on Thursday signed a definitive merger agreement to combine Ligand's wholly owned subsidiaries, Pelthos Therapeutics Inc. and LNHC, Inc. (collectively Pelthos) with CHRO Merger Sub Inc., a wholly owned subsidiary of Channel.Equities Trading DOWNUnitedHealth Group Incorporated UNH shares dropped 22% to $456.68 after the company reported worse-than-expected first-quarter results and cut its FY25 adjusted EPS guidance below estimates.Shares of CaliberCos Inc. CWD were down 29% to $0.3200 as the company announced the pricing of the public offering units.Global Payments Inc. GPN was down, falling 18% to $69.07 after the company announced it bought a stake in Worldpay for $6.6 billion.CommoditiesIn commodity news, oil traded up 1.6% to $63.47 while gold traded down 1.2% at $3,305.90.Silver traded down 2.4% to $32.200 on Thursday, while copper fell 1.3% to $4.6255.Euro zoneEuropean shares were lower today. The eurozone's STOXX 600 fell 0.29%, Germany's DAX 40 declined 0.64% and France's CAC 40 dipped 0.76%. Spain's IBEX 35 Index slipped 0.23%, while London's FTSE 100 fell 0.18%.Asia Pacific MarketsAsian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 1.35%, China's Shanghai Composite gaining 0.13%, Hong Kong's Gang Seng index gaining 1.61% and India's BSE Sensex gaining 1.96%.EconomicsU.S. housing starts dipped 11.4% month-over-month to an annualized rate of 1.324 million in March.U.S. initial jobless claims declined by 9,000 from the previous week to 215,000 during the second week of April, versus market estimates of 225,000.The Philadelphia Fed Manufacturing Index fell 39 points to a reading of -26.4 in April, and down from market estimates of 2.U.S. building permits climbed by 1.6% to an annualized rate of 1.482 million in March.U.S. natural-gas stocks rose 16 billion cubic feet in the week ending April 11, compared to market estimates of a 24 billion cubic feet gain.Now Read This: Intuit To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday Photo via Shutterstock