Wall St ends lower on inflation, jobless claims data

Quick Summary:

Wall Street's main indices closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications on the health of the US economy and the path for interest rates.

The Dow fell 57.88 points, or 0.14%, to 42,454.12, the S&P 500 lost 11.99 points, or 0.21%, to 5,780.05 and the Nasdaq lost 9.57 points, or 0.05%, to 18,282.05.

Only three of the S&P 500's 11 major industry sectors advanced on Thursday with energy, adding 0.8% and outperforming the rest as oil prices rose.

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Category: EconomyBusiness

Markets: Malaysia

Topics: InterestRates OilPrices ConsumerPriceIndex UnemploymentClaims InflationData /Business/ WallStreet FederalReserve Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 06:48:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 649 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © The Star

News ID: 22987687

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