Wall Street drops after mixed data

Economies.com
2016-12-22 15:20PM UTC

U.S. stock indices opened lower today amid thin trading volumes, and after earlier mixed data that pushed investors to sell.
 
Earlier U.S. data showed GDP growing 3.5% in the third quarter, above expectations, but durable goods orders fell while unemployment claims rose, heaping pressure on Wall Street.
 
Also the holiday season is nearing, which thinned out the trading today and encouraged investors to sell off their holdings to collect profits before the year end.
 
The dollar fell today against main currencies for the second session, underpinning stocks of American exporters and stemming the decline of Wall Street.
 
Standard and Poor's 500 fell 0.19%, or 4.49 points to 2,260.69, while Dow Jones shed 0.10%, or 20.65 points to 19,921.31.
 
Tech-heavy NASDAQ dipped 0.18%, or 9.97 points to 5,461.47.

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