Collective decline.. US stocks decline
Data issued by the US Department of Labor today revealed that the number of initial unemployment claims in the United States decreased by 9,000 to 211,000 during the week ending December 28, which is the lowest level in eight months, which indicates flexibility in the labor market. Coinciding with the continued rise in interest rates.
According to the final reading of the Standard & Poor’s Global survey, the Purchasing Managers’ Index for US manufacturing activity recorded a level of 49.4 points during December, from the previous month’s reading of 49.7 points, and better than the initial reading of 48.3 points.
At the end of the session, the Dow Jones Industrial Average fell by 0.4% (equivalent to 152 points) to 42,392 points, reaching the highest level at 42,905 points and the lowest level at 42,175 points.
The broader S&P 500 index fell by 0.2% (equivalent to 13 points) to 5868 points, recording the highest level at 5935 points and the lowest level at 5829 points.
The Nasdaq index fell by 0.2% (about 30 points) to 19,280 points, while it reached the highest level at 19,517 points and the lowest level at 19,117 points. (fx)
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