U.S. stocks declined on Thursday, reflecting renewed anxieties over trade war implications and the Federal Reserve's caution regarding economic uncertainties. The S&P 500 decreased by 0.4% in early trading. The Dow Jones Industrial Average fell by 212 points, or 0.5%, to 41,727.18, while the Nasdaq composite dropped 0.4%, settling at 17,585.75, a 0.95% decrease. Accenture's stock notably fell by 9.3% due to worries about potential revenue hits from U.S. government spending cuts. Despite some positive economic signals, such as fewer unemployment claims and stronger manufacturing growth in the mid-Atlantic region, the overall market sentiment remained cautious. Darden Restaurants, however, saw a 6% increase, and Five Below rose by 5.5% after positive earnings reports. European markets also experienced declines, with Germany's DAX falling by 1.7% and Hong Kong's Hang Seng dropping by 2.2%. The yield on the 10-year Treasury decreased to 4.18%.
US Stocks Dip as Trade War Concerns Resurface; Dow Down 0.57%, S P 500 0.71%, Nasdaq 0.95%
Read more news on this topic:
Did you find an error or inaccuracy?
We will consider your comments as soon as possible.