Nasdaq drops 1% as US jobless claims fall and oil prices surge over 10%.

U.S. stocks fell on Thursday with the Nasdaq Composite down about 1%, the Dow down 0.84%, and the S&P 500 down 0.71%. Despite the market decline, U.S. initial jobless claims dropped by 9,000 to 202,000, beating estimates. Energy stocks rose 1.4% amid a 10.2% surge in oil prices to $110.31 per barrel, driven by geopolitical tensions and increased local production talks. European and Asian markets mostly declined, reflecting global uncertainty. Investors are watching economic data and geopolitical developments closely for future market direction.