--- title: "Dow Dips 350 Points; US Foods Posts Downbeat Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/285594892.md" description: "U.S. stocks fell, with the Dow down over 100 points, while the tech sector saw gains. US Foods reported disappointing Q1 earnings, missing estimates. Agilon Health, Aaon, and Rackspace Technology experienced significant gains, while Entrada, Fastly, and enGene Therapeutics saw declines. Commodity prices rose for oil, gold, and silver. European markets were mostly lower, while Asian markets closed mixed. U.S. construction spending increased, but initial jobless claims rose by 10,000." datetime: "2026-05-07T17:39:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285594892.md) - [en](https://longbridge.com/en/news/285594892.md) - [zh-HK](https://longbridge.com/zh-HK/news/285594892.md) --- # Dow Dips 350 Points; US Foods Posts Downbeat Earnings U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Thursday. The Dow traded down 0.71% to 49,556.77 while the NASDAQ fell 0.23% to 25,778.55. The S&P 500 also fell, dropping, 0.44% to 7,332.63. **Leading and Lagging Sectors** Information technology shares jumped by 0.2% on Thursday. In trading on Thursday, energy stocks fell by 1.6%. **Top Headline** **US Foods Holding Corp**. (NYSE:USFD) posted downbeat first-quarter 2026 results. The company reported first-quarter adjusted earnings per share of 78 cents, missing the analyst consensus estimate of 81 cents. Quarterly sales of $9.610 billion (+2.8%) missed the Street view of $9.647 billion. **Equities Trading UP**            - **Agilon Health Inc** (NYSE:AGL) shares shot up 113% to $59.70 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. Also, the company raised its FY26 sales guidance above estimates. - Shares of **Aaon Inc** (NASDAQ:AAON) got a boost, surging 35% to $132.30 after the company reported better-than-expected first-quarter financial results. - **Rackspace Technology, Inc.** (NASDAQ:RXT) shares were also up, gaining 68% to $3.81 after the company reported better-than-expected first-quarter sales results. **Equities Trading DOWN** - **Entrada Therapeutics Inc** (NASDAQ:TRDA) shares dropped 58% to $6.67 after the company reported mixed first-quarter financial results. - Shares of **Fastly Inc** (NASDAQ:FSLY) were down 40% to $18.80 following first-quarter results. - **enGene Therapeutics Inc** (NASDAQ:ENGN) was down, falling 80% to $1.78 after reporting updated interim results from LEGEND pivotal cohort. **Commodities** In commodity news, oil traded up 0.9% to $95.94 while gold traded up 0.5% at $4,717.70. Silver traded up 3.3% to $79.835 on Thursday, while copper fell 0.3% to $6.1660. **Euro zone** European shares were lower today. The eurozone's STOXX 600 declined 1.10%, while Spain's IBEX 35 Index fell 0.24%. London's FTSE 100 fell 1.55%, Germany's DAX fell 1.02%, while France's CAC 40 declined 1.17%. **Asia Pacific Markets** Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 5.58%, Hong Kong's Hang Seng Index gaining 1.57% and India's BSE Sensex falling 0.15% **Economics** - U.S. construction spending increased by 0.6% month-over-month in March compared to a 0.2% declined in the previous month. - U.S. nonfarm business sector labor productivity surged by 0.8% in the first quarter following a revised 1.6% gain in the previous quarter. - U.S. initial jobless claims climbed by 10,000 to 200,000 in the last week of April. - U.S. unit labor costs in the nonfarm business sector rose by 2.3% in the first quarter. - U.S. natural-gas stocks rose 63 billion cubic feet in the week ended May 1, compared to market estimates of 74 bcf. _Photo via Shutterstock_ ### Related Stocks - [USFD.US](https://longbridge.com/en/quote/USFD.US.md) - [RXT.US](https://longbridge.com/en/quote/RXT.US.md) - [AGL.US](https://longbridge.com/en/quote/AGL.US.md) - [AAON.US](https://longbridge.com/en/quote/AAON.US.md) - [TRDA.US](https://longbridge.com/en/quote/TRDA.US.md) - [FSLY.US](https://longbridge.com/en/quote/FSLY.US.md) - [ENGN.US](https://longbridge.com/en/quote/ENGN.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [ENGNW.US](https://longbridge.com/en/quote/ENGNW.US.md) ## Related News & Research - [US Foods Shareholders Approve Governance Changes and Directors](https://longbridge.com/en/news/286619363.md) - [If You Invested $100 In Walmart Stock 5 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/286785565.md) - [04:17 ETDr. Demetrios, CEO of BitDelta Group, Awarded at CYDIA Awards 2026 in Recognition of Global Impact](https://longbridge.com/en/news/287029808.md) - [Cleanspark, Inc. 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