Major Wall Street stock markets closed lower on Thursday after the latest report by the United States Department of Labor showed an increase in the number of initial jobless claims, while another report showed that the number of job cuts in the country jumped to 57,727 in November. Fitch Ratings also warned about inflation risks in the United States in its report on global economic outlook.
The Dow Jones Industrial Average declined by 0.55% at the closing bell, with UnitedHealth Group Inc. falling by 5.21%. At the same time, the Nasdaq 100 dropped by 0.31%, while the S&P 500 decreased by 0.19%, as Synopsis Inc. tumbled by 12.37% on both indexes.
The euro was flat compared to the dollar and sold for $1.05841 at 3:59 pm ET.
