12/10/2020, 10:00 PM (Source: TeleTrader)
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US closes mixed as oil, metals surge

Major stock markets in the United States closed in mixed territory on Thursday after the surges in prices of precious metals and oil. The country also saw a rise in initial jobless claims, as well as a drop in the monthly budget deficit. Meanwhile, Airbnb started trading on the Nasdaq Exchange, rising by 115% at its debut. Traders have also been keeping an eye on the Food and Drug Administration's decision on the use of Pfizer Inc. and BioNTech SE's vaccine against coronavirus, which should be revealed later in the day.

The Dow Jones Industrial Average traded 0.24% lower at the close, as Verizon Communications Inc. lost 1.54%. The S&P 500 fell by 0.13%, with Lumen Technologies Inc. declining by 4.02%. On the other hand, the Nasdaq 100 went up by 0.30% as Starbucks Corporation gained 4.97%.

The euro advanced 0.53% against the dollar to sell for $1.21439 at 3:57 pm ET.

Breaking the News / JR