In economic data, U.S. wholesale inventories fell 0.2% in November to $902 billion, reversing a 0.1% gain in October and missing expectations of a 0.2% rise. Meanwhile, the U.S. trade deficit in goods widened to $102.86 billion, exceeding forecasts of $100.7 billion.
All 11 major S&P sectors declined, with 2024’s top-performing indexes—consumer discretionary, information technology, and communication services—leading the losses.
The Dow Jones Industrial Average was down 0.77% and closed at 42,992.21, the S&P 500 closed lower by 1.11% at 5,970.84, and the Nasdaq Composite fell 1.49% to finish at 19,722.03.
Asia Markets Today
Eurozone at 06:00 AM ET
- The European STOXX 50 was down 0.01%.
- Germany’s DAX rose 0.01%.
- France’s CAC gained 0.11%.
- U.K.’s FTSE 100 traded lower by 0.20%.
Commodities at 06:00 AM ET
U.S. Futures at 06:00 AM ET
Dow futures were down 0.16%, S&P 500 futures declined 0.22%, and Nasdaq 100 futures slid 0.20%.
Forex at 06:00 AM ET
- The U.S. Dollar Index was down 0.12% to 107.86, USD/JPY fell 0.07% to 157.71, and USD/AUD fell 0.35% to 1.6029.
- The dollar held firm, supported by rising U.S. yields and expectations of prolonged high rates, while the yen hovered near five-month lows amid diverging central bank policies.
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