Dow Jones closes below 34,000

US stock indices closed mostly lower on Thursday, except for Nasdaq, as the impact of the US Federal Reserve's statements is still lingering, in addition to the release of weak economic data.

The US Federal Reserve decided to hold the interest rate between zero and 0.25% unchanged, and addressed the recent rise in inflation according to the recent economic data, as the Fed officials see that the rise in consumer prices is temporary.

The FOMC stated that it expects 2 interest rate hikes in 2023, and raised its forecast for US GDP growth this year to 7% from 6.5% in March.

The US Department of Labor revealed that the number of initial unemployment claims rose to a month high 412K last week from 375K, while analysts forecast 360K.

To the oil market, WTI crude July futures fell 1.5% or $1.1, and closed at $71.04 a barrel, after hitting a high of $72.3 and a low of $70.9.

Brent August futures fell 1.8% or $1.31, and closed at $73.08 a barrel, after hitting a high of $74.5 and a low of $72.4.

As for stocks, Dow Jones fell 0.6% or 210 points, and closed at 33,823, with a day high of 34,091, and a low of 33,626.

Nasdaq rose 0.8% or 121 points to 14,161, with a high of 14,196 and a low of 13,998.

S&P 500 fell 0.1% or 2 points to 4,221, after hitting a high of 4,232 and a low of 4,196.