Mid-Day Market Update: Heritage-Crystal Clean Drops On Weak Q3 Results; Imprimis Pharmaceuticals Shares Surge

Midway through trading Thursday, the Dow traded down 0.33 percent to 23,082.05 while the NASDAQ declined 0.75 percent to 6,574.58. The S&P also fell, dropping 0.34 percent to 2,552.51.

On Thursday, the telecommunications services shares surged 0.35 percent. Meanwhile, top gainers in the sector included

, up 9 percent, and

, up 3 percent. In trading on Thursday, technology shares fell 0.70 percent. Meanwhile, top losers in the sector included

, down 6 percent, and

down 5 percent.

posted better-than-expected earnings for its third quarter. Verizon posted quarterly adjusted earnings of $0.98 per share on revenue of $31.71 billion. However, analysts expected earnings of $0.98 per share on revenue of $31.45 billion.

shares shot up 60 percent to $15.16. uniQure disclosed that it has acquired a patent family providing broad protection of the hyperactive padua variant of Factor IX. Shares of

got a boost, shooting up 63 percent to $2.38 after the company announced Thursday the release of a 99-cent alternative to

's Restasis to address the 30 million Americans suffering from Dry Eye Disease.

shares were also up, gaining 38 percent to $1.75 as the company reported a cllaboration with Johnson & Johnson Innovation to discover and develop RNA medicines.

shares dropped 35 percent to $1.30. Ocean Power Technologies priced its 5,739,437 share common stock offering at $1.42 per share. Shares of

were down 15 percent to $18.35 after the company reported weak Q3 results.

was down, falling around 40 percent to $0.910. Immune Pharmaceuticals priced an underwritten public offering of convertible preferred stock and warrants for gross proceeds of $18,000,000.

In commodity news, oil traded down 1.21 percent to $51.41 while gold traded up 0.41 percent to $1,288.20. Silver traded up 0.40 percent Thursday to $17.065, while copper fell 0.60 percent to $3.159.

European shares were lower today. The eurozone's STOXX 600 dropped 0.78 percent, the Spanish Ibex Index fell 0.75 percent, while Italy's FTSE MIB Index dipped 1.30 percent. Meanwhile the German DAX declined 0.58 percent, and the French CAC 40 slipped 0.48 percent while U.K. shares fell 0.26 percent.

Initial jobless claims declined 22,000 to 222,000 in the latest week. However, economists were expecting claims to reach 240,000 last week. The Philadelphia Fed manufacturing index rose 4.1 points to 27.9 in October. Economists projected a reading of 20. The index of leading economic indicators declined 0.2 percent for September. Data on money supply for the recent week will be released at 4:30 p.m. ET.