US stock markets closed Thursday lower following a choppy session after the release of new economic data on retail sales, business inventories, and industrial production from the United States.
During the day, Ether plummeted as much as 9% in a sell-the-news event following the so-called "Merge." Early in the morning, after 20 hours of discussions, the White House announced that a tentative agreement between freight rail operators and their unions had been reached. Gold sank 1.7% to its lowest level since April 2020, and mortgage rates rose over 6% for the first time since 2008.
The Dow Jones lost 173 points or 0.56% at 4:00 pm ET for its lowest close since mid-July and with Salesforce Inc. sinking 3.46%. The Nasdaq 100 fell 1.71%, and Adobe edged down by 16.79%. Finally, the S&P 500 declined 1.13%. The euro improved by 0.18% against the dollar at 3:58 pm ET, selling for $0.99983.
