12/6/2023, 10:03 PM (Source: TeleTrader)
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US closes lower ahead of new labor updates

Major stock market indexes in the United States closed lower on Wednesday in anticipation of the reports on initial jobless claims and job cuts in the country and fear they would not show numbers in line with those on private payrolls and job openings. Meanwhile, the nation's economy registered an increase in trade deficit.

The Dow Jones Industrial Average closed 0.19% lower as American Express Co. lost 1.86%. The Nasdaq 100% declined by 0.56%, with Old Dominion Freight Line Inc. (ODFL) plunging by 5.55%. The S&P 500 fell by 0.39% as Brown-Forman Corp. nosedived by 10.38%.

The euro stood flat against the dollar at 4:03 pm ET to sell for $1.07637.

Baha Breaking News (BBN) / JR