Breaking News

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

14-Dec2018

US markets end mostly lower on trade jitters

The US markets ended mostly in red on Thursday as investors continued to worry over the lack of clarity and progress in US-China trade talks. The perception of progress was tempered that China arrested a second Canadian national in apparent retaliation for Meng's arrest, while reports surfaced that Trump's aides were warning the president that his authority to intervene in the affair is limited. Besides, there was some cautiousness in the markets as President Donald Trump again criticized the Federal Reserve's effort to normalize monetary policy. However, the Dow Jones Industrial Average eked out gains, led by Procter & Gamble and McDonald's.

On the economic front, the Labor Department released a report showing a much steeper than expected drop in initial jobless claims in the week ended December 8. The report said initial jobless claims fell to 206,000, a decrease of 27,000 from the previous week's revised level of 233,000. Street had expected jobless claims to slip to 225,000. Jobless claims pulled back further off the nearly eight-month high reached two weeks ago to hit their lowest level in almost three months. Meanwhile, a separate report from the Labor Department showed import prices plunged by much more than expected in the month of November amid a steep drop in fuel prices. The report said import prices plummeted by 1.6 percent in November after climbing by 0.5 percent in October. Street had expected import prices to slump by 0.9 percent.

S&P 500 lost 0.53 points or 0.02 percent to 2650.54 and Nasdaq was down by 27.98 points or 0.39 percent to 7070.33, while Dow Jones Industrial Average gained 70.11 points or 0.29 percent to 24597.38.


Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......