Today: January 12, 2025
December 12, 2024
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Wall Street closes with losses; market studies labor and inflation data

Wall Street closes with losses; market studies labor and inflation data

The three main indices of Wall Street They closed this Thursday’s negotiations with losses. Stock averages in the United States fell after recent gains, as traders focused on new information on the economy.

The Industrial Average Dow Jonescomposed of the shares of 30 industrial giants, lost 0.53% to 43,914.12 points, while the S&P 500of 500 stocks, fell 0.54% to 6,051.25 points. He Nasdaqa technology-heavy stock, fell 0.66% to 19,902.84.

The number of new applications for unemployment benefits in the United States unexpectedly increased last week, by 17,000 to 242,000, from 225,000 previously. This reinforced concerns about the labor market in the current rate environment.

On the other hand, this morning the information of the Producer Price Index (IPP) US November. The registration, of 0.3%, was higher than expected (0.02%), but the moderation of service costs pointed to the continuation of disinfection.

Investors now await the meeting of the Federal Reserve (Fed) on Tuesday, December 17 and Wednesday, December 18. The probability that the authority will cut rates, according to the Fed Watch tool, which tracks rate futures, is 94.7 percent.

Mixed performances were observed among large mega-cap and growth stocks. The actions of Nvidia (-1.41%) fell, after yesterday’s strong rebound, and those of Microsoft (+0.13%) and Apple (+0.60%) ended with moderate advances.



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