U.S. stocks closed lower Thursday, as concern about violence in Iraq increased, along with the price of oil.
In U.S. economic news, the number of Americans filing new claims for jobless benefits unexpectedly rose last week, although not enough to alter the view of a labor market that is picking up steam. The Labor Department reported import prices rose 0.1 percent last month after declining 0.5 percent in April. The Commerce Department reported inventories rose 0.6 percent in April and picked up excluding cars, boosting expectations of increased economic growth in the second quarter. Retail sales rose less than expected in May, which had sales up 0.3 percent last month and the prior month revised higher to 0.5 percent.
In corporate news, airlines including United, Delta, and JetBlue were slammed, along with the Dow Jones Transportation Average off 1.9 percent. Olive Garden-operator Darden Restaurants and fast-food chain McDonald's were among the consumer discretionary shares hit. Shares of Lululemon Athletica dropped to a more-than three-year low after the Canadian yogawear retailer reduced its revenue and earnings forecast for the fiscal year and said its chief financial officer would retire early next year. Twitter shares gained after the micro-blogging service said Ali Rowghani had resigned as chief operating officer, effective Thursday.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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