Tuesday, November 5, 2024
HomeTrading RoomDuring Friday's Jobs Report, the Dow Drops 100 Points

During Friday’s Jobs Report, the Dow Drops 100 Points

As investors exercised caution ahead of crucial jobs data on Friday that may influence the direction interest rates will take, stocks fell on Thursday.

128 points, or 0.4%, were lost by the Dow Jones Industrial Average. Losses for the Nasdaq Composite and S&P 500 were 0.5% and 0.6%, respectively.

Consumer staples, which were down 1.7% for the day, were the S&P 500’s worst-performing sector on Thursday after shares of Clorox fell 7.4% following its results report. The utilities industry lost 1.2% more ground as a result of the decrease. The most recent declines for AES and NextEra Energy were 5.5% and 3.6%, respectively.

Source (CNBC)

SourceCNBC
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