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6/9, 3:30 PM (Source: TeleTrader)
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US opens lower after ECB rate decision, jobs data

Major stock markets in the United States opened lower on Thursday after the European Central Bank (ECB) announced it has decided to leave interest rates unchanged, adding that it is planning to hike its key interest rates by 25 basis points at the July meeting.

Furthermore, the US Department of Labor reported that the number of seasonally adjusted initial jobless claims in the United States increased by 27,000 to 229,000 in the week ending June 4, with the 4-week moving average going up by 8,000 from the previous week's revised average to come in at 215,000.

The Dow Jones declined 0.31% at the open, with Caterpillar Inc. slipping 1.04%, while the Nasdaq 100 fell by 0.53%, as JD.com dropped 6.39%. Furthermore, the S&P 500 decreased by 0.42% at the same time, dragged down by Carnival Corp's 3.97% loss. The euro traded 0.30% lower compared to the dollar and sold for $1.06942 at 9:25 am ET.

Baha Breaking News (BBN) / SP