Dow falls for a sixth straight day after another wild session; European stocks close lower as hot U.S. inflation data rattles global markets 
The Dow Jones Industrial Average fell for a sixth straight day Thursday, as traders failed once again to find their footing in an increasingly volatile market. 
The 30-stock Dow slid 103.81 points to 31,370.30, or 0.33%. The S&P 500 fell 0.13% to 3,930.08. The tech-heavy Nasdaq Composite eked out a small gain, closing up 0.06% at 11,370.96. The three major averages were on track for weekly losses. 
Some heavily shorted names led the market’s brief rally attempt from earlier in the day and closed higher. Shares of Lucid popped 13.2% while GameStop and AMC jumped more than 10% and 8%. Rivian Automotive also soared nearly 18% after reporting its latest quarterly results. Carvana, which hit a two-year low earlier in the session, ended the day up nearly 25%. 
Apple lost 2.7%, pushing the shares into bear market territory and down 22% from a 52-week-high. The company’s recent downdraft has led Saudi Aramco to become the world’s most valuable in the world. Meanwhile, shares of Amazon and Meta Platforms closed up more than 1%. 
Disney shares fell to a two-year low but closed down about 0.9%. The media giant reported higher-than-expected streaming subscriber growth, but warned about the Covid impact on parks in Asia. 

The pan-European Stoxx 600 index closed down by 0.6%, paring sharp losses at the open. Basic resources dropped 3% as almost all sectors and major bourses finished in negative territory. 
In terms of individual share price movement, BMW shares slid more than 8% as they traded ex-dividend. Siemens shares dropped 2.5% after the German giant’s net income halved to 1.21 billion euros ($1.27 billion) in the first quarter as it suffered a 600 million euro hit from charges and impairments associated with Russia. 
At the bottom of the Stoxx 600, German copper producer Aurubis fell almost 9%. Telefonica shares gained more than 2.6% after the Spanish telecoms company beat first-quarter profit forecasts. 
Source: CNBC, Investing.com