Weak data from US pushed the markets lower

By Haris Kaitis | November 26, 2020 | Comments Off on Weak data from US pushed the markets lower

US stocks traded lower on Wednesday as the jobless claims data and household incomes came below expectations: initial jobless claims rose for the second consecutive week – 778k vs 730k expected while the household incomes fall 0.7% vs 0.1% expected. S&P lost 0.2%, Dow dropped by 0.6%. On the side note, FOMC Meeting Minutes showed…

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