The US stock industry ended slightly lower on Friday in choppy trading after stronger US jobs data raised worries the Federal Reserve may wait longer to cut finance charge rates.
The Dow Jones Industrial Average declined 87.18 points, or 0.22%, to 38,798.99, while the S&P 500 eased 5.97 points, or 0.11%, to 5,346.99. The Nasdaq Composite ended 39.99 points, or 0.23%, lower at 17,133.13.
Asian markets traded mixed on Monday ahead of key economic data from the region.
Japan’s Nikkei 225 gained 0.19%, while the Topix rose 0.38%. South Korea’s Kospi fell 1% and the Kosdaq dropped 0.5%. Stock markets in mainland China, Hong Kong, Taiwan and Australia are closed today.
Gift Nifty was trading around 23,290 level, a discount of nearly 40 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock industry indices.
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