Thursday’s Market Movers: Stocks to Watch as Dow Plunges 500 Points Ahead of Key Economic Data]

Thursday’s Market Movers: Stocks to Watch as Dow Plunges 500 Points Ahead of Key Economic Data]

Dow Jones Industrial Average plunged more than 500 points on Thursday as investors positioned for a busy trading session highlighted by key economic data and quarterly earnings reports. Here are the standout stories to watch:

Apple Inc. continues pressured as the consumer tech giant navigates rising memory chip costs. Shares are down 7% from earlier this month despite being up 16% over the past three months. CNBC’s MacKenzie Sigalos will provide coverage throughout Thursday.

Moderna Inc. faces FDA scrutiny as a government committee evaluates the company’s mRNA flu shot candidate. The biotech stock rallied 11.6% on Wednesday, climbing nearly 24% over three days and more than 30% so far in June.

Jobless Claims headlines the Thursday morning agenda, with live coverage on “Squawk Box” at 8:30 a.m. ET. The Dow Jones consensus estimate calls for 225,000 new claims, though 56% of bettors on prediction market Kalshi expect the reading to exceed that level.

Kroger Co. releases quarterly results before the bell, with the grocery giant’s performance featured on “Squawk Box.” The stock has slipped 16% over three months and is down 19% from its March peak.

Major Banks Jump as Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley all hit new highs. Bank of America shares rose 9.5% in June to an all-time closing high, while Citigroup reached levels not seen in 18 years and JPMorgan also set a record.

Oil Markets Tumble as Brent crude dropped below its 200-day moving average for the first time since February 3. Both Brent and West Texas Intermediate are down more than 27% in a month, with ExxonMobil and Chevron each down roughly 20% from their March peaks.

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