US stocks fall following weak economic data

Economies.com
2020-09-17 14:19PM UTC

The major US stock benchmarks fell in early trading on Thursday, weighed down by the worse-than-expected economic data.

 

The US Federal Reserve on Wednesday held the interest rate between zero and 0.25%, and signaled that it plans to keep it near zero at least until the end of 2023.

 

The initial US unemployment claims fell to 860,000 last week, but still lowers than forecasts of 825,000.

 

The building permits reached 147 million, which is also lower than forecasts of 1.51 million, and the housing starts reached 1.42 million units, missing forecasts of 1.47 million.

 

As for stocks, Dow Jones fell 0.5% or 132 points to 27,905 as of 15:17 GMT, Nasdaq fell 1.3% or 145 points to 10,905, and S&P 500 fell 0.8% or 28 points to 3,357.                                               

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
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 ...