Dow Jones keeps losses, closes below 30,000 ahead of Thanksgiving

Economies.com
2020-11-25 22:50PM UTC

The main US stock indices closed mixed on Wednesday, as Dow Jones kept its losses, while Nasdaq edged up, ahead of the Thanksgiving holiday on Thursday.

 

Data showed today that the US durable goods orders index rose 1.3% last month, beating forecasts of 1%.

 

The initial unemployment claims reading rose to 778,000 last week, worse than forecasts, while the second reading of the GDP showed growth by 33.1% during the third quarter.

 

The US President-elect Joe Biden welcomed the outgoing President Donald Trump's decision to take the necessary measures to transfer power to the Biden administration.

 

The minutes of the Federal Reserve's last meeting showed that the bank's officials increasing asset purchases to support the economic recovery from the Covid-19 pandemic, especially since the path to recovery is still long.

 

To the oil market, WTI crude December futures rose 1.8% or 80 cents, and closed at $45.71 a barrel, after hitting a high of $46.1 and a low of $44.7.

 

Brent January futures rose 1.6% or 75 to $48.53 a barrel, after hitting a high of $48.9 and a low of $47.7.

 

As for stocks, Dow Jones fell 0.6% or 73 points, and closed at 29,872, with a day high of 30,058, and a low of 29,806.

 

Nasdaq rose 0.5% or 57 points to 12,094, with a high of 12,114 and a low of 12,020.

 

S&P 500 fell 0.1% or 5 points to 3,629, after hitting a high of 3,635 and a low of 3,617.

American Markets News

Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...
Americas News

Markets

Wall Street declines but still heads towards strong weekly gains
2024-03-22 16:07PM UTC
US stock indices mostly lost ground on Friday while still heading for weekly gains as investors ...