7 Stocks you need to know for Thursday

The Dow lost 24.04. The Nasdaq Composite ended the day down 7.05. And the S&P 500 closed lower by 3.28.

Here are 7 Stocks You Need to Know for Thursday.

It's official: the United States government is now the largest shareholder in Citigroup (C | Quote | Chart | News | PowerRating), as outlined in a new agreement that provides the institution with $58 billion in new equity.

Home Depot (HD | Quote | Chart | News | PowerRating) suggested that earnings for 2009 would not be as bad as feared. The stock, which trades above its 200-day moving average, opened higher but sold off over the day to close back in the range the stock has traveled in for the past six trading days.

Procter & Gamble (PG | Quote | Chart | News | PowerRating) will be promoting its chief operating officer, Robert McDonald, to CEO. McDonald was also previously responsible for the corporation's Asian unit. The stock has been out of favor recently, closing lower on Wednesday for a fourth out of the past five days and trading below its 200-day moving average.

Steel stocks were in demand on Wednesday, with U.S. Steel (X | Quote | Chart | News | PowerRating) soaring by more than 5% and crossing back above its 200-day moving average for the first time since August 2008. AK Steel Holding Company (AKS | Quote | Chart | News | PowerRating) gained more than 4%.

Shares of Apple (AAPL | Quote | Chart | News | PowerRating) may be on the verge of a pullback above the 200-day moving average, its 2-period RSI having dropped from more than 99 to less than 10 in three days.

Another stock to open above its 200-day moving average but close back below it on Wednesday was Chevron Corporation (CVX | Quote | Chart | News | PowerRating), which hasn't closed above that level since July 2008.