U.S. stocks traded lower midway through trading, with the S&P 500 falling over 1% on Thursday.The Dow traded down 0.92% to 51,738.04 while the NASDAQ declined 2.03% to 25,169.19. The S&P 500 also fell, dropping, 1.16% to 7,412.12.Leading and Lagging SectorsIndustrials shares jumped by 2% on Thursday.In trading on Thursday, communication services stocks fell by 5.2%.Top HeadlineT-Mobile US Inc. (NASDAQ:TMUS) stock fell around 5% on Thursday after the wireless carrier reported second-quarter results that beat earnings expectations but missed on revenue.T-Mobile reported adjusted earnings of $2.99 per share, topping the analyst consensus estimate of $2.58, according to Benzinga Pro. Revenue increased to $22.79 billion from $21.13 billion a year earlier but missed the Street estimate of $22.94 billion.Equities Trading UP Equities Trading DOWNCommoditiesIn commodity news, oil traded up 6.8% to $92.74 while gold traded down 2.6% at $4,044.80.Silver traded down 4% to $57.915 on Thursday, while copper fell 1.8% to $6.3740.Euro zoneEuropean shares were lower today. The eurozone’s STOXX 600 fell 1%, while Spain’s IBEX 35 Index dipped 1.3% London’s FTSE 100 fell 0.6%, 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