U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 400 points on Thursday.Following the market opening Thursday, the Dow traded down 0.95% to 51,720.30 while the NASDAQ declined 1.58% to 25,286.26. The S&P 500 also fell, dropping, 0.86% to 7,434.23.Leading and Lagging SectorsIndustrials shares jumped by 2.2% on Thursday.In trading on Thursday, communication services stocks fell by 4.4%.Top HeadlineTesla Inc. (NASDAQ:TSLA) shares dipped more than 12% on Thursday after the company reported mixed second-quarter financial results.Tesla reported second-quarter revenue of $28.24 billion. The total beat a Street consensus estimate of $25.71 billion, according to data from Benzinga Pro. Second-quarter earnings of 33 cents per share missed a Street consensus estimate of 50 cents per share.Equities Trading UP Equities Trading DOWNCommoditiesIn commodity news, oil traded up 5.5% to $91.64 while gold traded down 2.3% at $4,056.00.Silver traded down 3.5% to $58.170 on Thursday, while copper fell 1.5% to $6.3960.Euro zoneEuropean shares were lower today. The eurozone’s STOXX 600 fell 1.1%, while Spain’s IBEX 35 Index dipped 1.3% London’s FTSE 100 fell 0.7%, Germany’s DAX declined 1.2%, while France’s CAC 40 tumbled 1.6%.Asia Pacific MarketsAsian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 0.46%, Hong Kong’s Hang Seng index surging 1.28%, China’s Shanghai Composite rising 0.25% and India’s BSE Sensex falling 0.47%.Economics