VWO - Asia Mixed European Indexes Slide; Crude Trades Under $78 - Global Markets Today While US Slept | Benzinga
On Thursday, May 30th, U.S. stock markets closed lower, led by a 1% drop in the Nasdaq and steep declines in tech shares after Salesforce issued a weak forecast.
According to economic data, the U.S.’s initial jobless claims rose by 3,000 to 219,000 last week, slightly above expectations. Economic growth slowed to 1.3% annually in Q1, down from 3.4% previously. The trade deficit widened to $99.41 billion in April from $92.29 billion in March.
The S&P 500 technology sector dropped significantly, becoming the main drag on the index, along with the communication services sector, and all other sectors ended higher.
The Dow Jones Industrial Average was down 0.86% and closed at 38,111.48. The S&P 500 declined 0.60%, ending the day at 5,235.48, and ...