US stocks dip as investors assess data, Trump's economic emergency plan

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US stocks dip as investors assess data, Trump's economic emergency plan - Business Standard

Quick Summary:

The reduction in jobless claims implies that more people are getting work, whereas the ADP number shows that fewer people got work than expected," said Sam Stovall, chief investment strategist at CFRA.

Advanced Micro Devices dropped 3.8 per cent after brokerage HSBC downgraded the stock to "reduce" from "buy".

A majority of the 11 S&P 500 sectors were in the red, led by a 1 per cent decline in utilities, pressured by Treasury yields which stood at multi-month highs.