Evening Market Recap - Thursday, 25-Jul

US equities finished mixed in Thursday trading, ending off best levels from midday. Several dynamics were in focus following a big Wednesday selloff, which saw the S&P 500 suffer the biggest one-day pullback since December 2022 and snapped the 356-day streak without a 2% or more decline. Initial jobless claims dropped more than forecast w/w after last week's print which was the highest since August of 2023.