Wall Street closed lower on Thursday, with a sharp selloff in a mortgage lender's stock leading the decline, according to Finansavisen. The company's shares fell more than 35% during the session, marking one of the steepest drops on the day.
The broader market also finished in negative territory, though the report did not specify the size of the index losses. Finansavisen's coverage noted the lender's slide as a standout move amid the red day on U.S. exchanges.
The report, published Thursday evening, did not provide details on what triggered the mortgage lender's collapse. No company name, specific index figures, or trading volume data were included in the available summary.
Finansavisen, a Norwegian financial newspaper, regularly tracks U.S. market movements for its readers. The outlet's brief dispatch focused on the magnitude of the stock decline rather than the broader economic context.
Investors will be watching for further news on the lender's situation and whether the selloff spreads to other financial stocks in the coming sessions.
