Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end marginally lower on trade worries


US markets end marginally lower on trade worries

Snapping three-day gaining streak, the US markets closed marginally lower on Thursday as investors concerned about the approaching trade negotiation meeting between the US and China on December 01. Further, sentiments were also downbeat following the release of some disappointing economic data, including a report from the National Association of Realtors (NAR) unexpectedly showing a substantial decrease in pending home sales in the month of October. The NAR said its pending home sales index plunged by 2.6% to 102.1 in October after climbing by 0.7% to an upwardly revised 104.8 in September. With the steep drop, the index fell to its lowest level since mid-2014. The sharp pullback surprised participants, who had expected pending home sales to rise by 0.5%, matching the increase originally reported for the previous month.

The Labor Department released a report showing initial jobless claims unexpectedly rose to a six-month high in the week ended November 24. The report said initial jobless claims climbed to 234,000, an increase of 10,000 from the previous week's unrevised level of 224,000. Street had expected jobless claims to edge down to 220,000. Meanwhile, the Fed minutes from the central bank's November meeting showed that almost every member of the Federal Open Market Committee felt comfortable with raising interest rates fairly soon as long as job market and inflation data were in line with expectations, bolstering expectations of another rate hike in December.

Dow Jones Industrial Average declined 27.59 points or 0.11 percent to 25338.84, S&P 500 lost 6.03 points or 0.22 percent to 2737.76 and Nasdaq was down by 18.51 points or 0.25 percent to 7273.08.

Related News

View all news

US markets end higher amid optimism about US-China trade talks

The US markets ended higher on Friday, with gains of over half a percent, amid optimism about US-China trade talks coupled with indications of more Chinese economic stimulus. Chinese Premier Li Keqiang......

Asian markets trade higher in early deals on Friday

Asian markets are trading higher in early deals on Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit. While there......

US markets end mostly in red on jitters over trade-deal delay

The US markets ended mostly lower on Thursday on renewed concerns about a potential trade deal between the US and China. A meeting between President Donald Trump and Chinese President Xi Jinping will be......

Top News

View all news

GRUH Finance receives no-objection from NHB for merger with Bandhan Bank

GRUH Finance has received receipt of 'No-objection' from NHB for the proposed scheme of amalgamation of GRUH Finance into and with Bandhan Bank. The company has also received receipt of 'No Objection'......

Karnataka Bank inks agreement with Karvy DigiKonnect for Contact Centre operations

Karnataka Bank has entered into an agreement with Karvy DigiKonnect for total Management of Contact Centre operations. The operation will be an effective interface between the Bank and millions of its......

IndusInd Bank inaugurates new branch in Boisar

IndusInd Bank has inaugurated a branch in Boisar, an upcoming industrial area situated in the Palghar district of Maharashtra. This is the Bank's first branch in this region and is located in the Ostwal......