Wall Street ends mostly lower

Economies.com
2018-05-17 20:37PM UTC

US stock indices closed the fourth session of the week mostly lower amid renewed concerns about US-China trade tensions, and following earlier data from the world's largest economy, and a final wave of first-quarter earnings results. 

 

Earlier US data showed unemployment claims rose 11 thousand to 222 thousand from 211 thousand, above estimates of 216 thousand, while continuing claims fell 87 thousand in the week ending May 5 to 1.707 million from 1.794 million, as analysts expected 1.780 million.

 

The Philly Manufacturing Index rose to 34.4 in May from 23.2 in April, beating forecasts of 21.1, while the CB leading index is expected to have risen 0.4% in April, up from 0.3% in March. 

 

Dow Jones fell 0.22%, or 54.95 points to 24,713.98, while Standard and Poor's 500 inched down 0.09%, or 2.33 points to 2,720.13. NASDAQ Composite dipped 0.21%, or 15.82 points to 7,382.47. 

 

Gold futures due on June 15 slipped 0.09% to $1,290.40 an ounce from the opening of $1,391.50, marking 2018 lows, while the dollar index added 0.10% to 93.49 from the opening of 93.39. 

 

US crude futures due on June 15 rose 0.08% to $71.55 a barrel from the opening of $71.49, while Brent futures due on July 15 climbed 0.21% to $79.45 a barrel from the opening of $79.28. 

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