5/11, 10:00 PM (Source: TeleTrader)
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US closes lower with economy in focus

Major stock markets in the United States closed lower on Tuesday after Federal Reserve Bank of St. Louis President James Bullard remarked it is still "too early" to expect strong growth in jobs as the COVID-19 pandemic has not ended yet. Meanwhile, Homeland Security Secretary Alejandro Mayorkas asserted the country has lost over $350 million due to ransomware attacks this year.

The Dow Jones closed 1.36% or 472 points lower as The Travelers Companies Inc. lost 3.08%. The Nasdaq 100 went down by 0.06%, with Dollar Tree Inc. dropping by 2.78%. The S&P 500 declined by 0.87% as Hanesbrands Inc. fell sank by 11.96%.

The euro gained 0.17% against the dollar to sell for $1.21500 at 3:57 pm ET.

Breaking the News / JR