US stocks start the third session of the week on declines of nearly two percent on Wall Street

NEW YORK (Reuters) - US stocks opened for the third trading session this week after trading on Tuesday was shaken by a red holiday on Thursday to resume yesterday's losses on Wall Street, where the best day-to-day performance of indexes in nearly 10 years and historic highs The Dow Jones Industrial Average, which gained more than 1,000 points for the first time in its history.

On the other hand, we followed the US economy's reading of the Jobless Claims reading for the week ending December 22, which showed a decrease of 1K to 216K compared to the previous week's reading and expectations of 217K. The 15th of this month decreased by 4 thousand applications to 1,701 thousand, higher than expectations at 1,675 thousand applications.

This came in conjunction with the disclosure of housing market data and the release of house prices, which showed growth accelerated to 0.3% in line with expectations compared to 0.2% last October, and before we see the reading of the consumer confidence index for the month, which reflected the contraction of the breadth to the value of 128.1 compared to 136.4 last November, worse than expectations of a contraction of the widening to 133.7.

US President Donald Trump said on Tuesday that the government's closure would continue until a deal was secured to build a wall along the border with Mexico. He said the $ 5 billion financing of the wall was negotiable and he expressed confidence in Treasury Secretary Sevin Menuchin's remarks. The Federal Reserve raises interest rates at a rapid pace, as the government closes its sixth day in a row.

At 3:37 pm GMT, the broader S & P 500 index was down 1.64%, losing 41.43 points to 2,426.06 points. The Dow Jones industrial average <.DJI> was down 1.69% after losing 387.34 points 22,491.11 points.

On the other hand, the NASDAQ index of technology shares fell by 1.99% after falling by 130.15 points to reach the level of 6,423.78 points.


Popular posts from this blog

US stocks are trading in negative territory with the technology sector leading the losses

US consumer prices fell in line with expectations

The sharp drop in Wall Street shares has weighed on Saudi banks