US Stocks Open Lower As Dow Drops 100 Points

U.S. stocks traded lower this morning, with the Dow Jones dropping around 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.32% to 30,088.03 while the NASDAQ fell 0.89% to 11,120.70. The S&P 500 also fell, dropping, 0.57% to 3,768.14.

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Leading and Lagging Sectors


In trading on Thursday, consumer discretionary shares fell by 1.5%.


Top Headline

 

US initial jobless claims increased by 5,000 to 213,000 in the week ended September 17th, compared to market estimates of 218,000.


Equities Trading UP

 

 

 

Equities Trading DOWN

 


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Commodities

In commodity news, oil traded up 0.5% to $83.31, while gold traded up 0.4% at $1,681.50.


Silver traded up 0.5% to $19.57 on Thursday while copper rose 0.4% to $3.4810.


Euro zone


European shares were lower today. The eurozone’s STOXX 600 fell 1.6%, London’s FTSE 100 fell 0.8% while Spain’s IBEX 35 Index fell 1%. The German DAX dropped 1.6%, French CAC 40 fell 1.5% and Italy’s FTSE MIB Index fell 0.8%.


The manufacturing climate indicator in France declined for a third month to a reading of 102 in September from a revised 103 in August. The consumer confidence indicator in the Eurozone declined by 3.8 points to -28.8 in September. The Bank of England increased its key interest rate by 50bps to 2.25% during its September meeting.

 

Economics

 

 


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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 97,721,710 cases with around 1,080,350 deaths. India confirmed a total of at least 44,553,040 cases and 528,420 deaths, while France reported over 35,011,660 COVID-19 cases with 154,820 deaths. In total, there were at least 618,773,810 cases of COVID-19 worldwide with more than 6,535,010 deaths.

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