Nasdaq gives up 2% gain, turns negative in final hour of trading; European markets close higher as traders monitor inflation and earnings; Soitec falls 18% 
The Nasdaq Composite gave back its 2% gain and turned negative in the final hour of trading on Thursday. The index was 0.1% lower on Thursday, after rallying more than 2% earlier in the session. The Nasdaq, which is home to many of the market’s biggest tech names, ended Wednesday more than 10% below a record set in November, indicating a technical correction. 
The Dow Jones Industrial Average gained just 40 points, after being up more than 400 earlier in the day. The S&P 500 was flat.  
Peloton, tanked 24% on new it is temporarily halting production of its connected fitness products as consumer demand wanes, according to internal documents obtained by CNBC. 
Dow component Travelers posted beats on the top and bottom lines while American Airlines also beat estimates but lowered guidance. Travelers rose 5%. 
United Airlines shares rose slightly after the company reported its quarterly results and warned that omicron has dented bookings and will delay its pandemic recovery. 

The pan-European Stoxx 600 ended the day up 0.4% provisionally, wrapping up a choppy session. Travel and leisure shares led the gains, climbing 2.7%, while autos sank 0.9%. 
Earnings was among the key drivers of individual share price movement Tuesday. Shares of Swiss online pharmacy Zur Rose Group rose 5.4% after a strong earnings report. And British food delivery firm Deliveroo climbed 1.4% after reporting a 70% jump in the total value of orders in 2021. 
French industrial company Soitec plunged 18.2% to the bottom of the index after announcing that senior Atos executive Pierre Barnabe will succeed outgoing CEO Paul Boudre. 
Source: CNBC, Investing.com