United States stock markets fell on Thursday (05/05/2011) local time after oil and gold prices fell, pulling energy stocks and commodities fell sharply.
Dow Jones Industrial Average closed down 139.41 points (1.10 percent) at 12,584.17 points. The S & P 500 lost 12.22 (0.91 percent) to 1335.10, while the Nasdaq composite index of technology stocks fell 13.51 points (0.48 percent) to the position of 2814.72.
Just FYI, the latest shipment of gold prices on trading the New York Mercantile Exchange closed down more than 30 U.S. dollars to the position of 1480.90 U.S. dollars per troy ounce from the previous day that was in the level of 1514.90 U.S. dollars.
Disappointing data about employment cast a shadow over the market, one day before the government launched its monthly unemployment report is much awaited.
On Thursday morning, the Labor Department reported that initial jobless claims rose to 474,000 in the week ended 30 April, up 10 percent from the previous week and the highest in eight months.
Dow Jones Industrial Average closed down 139.41 points (1.10 percent) at 12,584.17 points. The S & P 500 lost 12.22 (0.91 percent) to 1335.10, while the Nasdaq composite index of technology stocks fell 13.51 points (0.48 percent) to the position of 2814.72.
Just FYI, the latest shipment of gold prices on trading the New York Mercantile Exchange closed down more than 30 U.S. dollars to the position of 1480.90 U.S. dollars per troy ounce from the previous day that was in the level of 1514.90 U.S. dollars.
Disappointing data about employment cast a shadow over the market, one day before the government launched its monthly unemployment report is much awaited.
On Thursday morning, the Labor Department reported that initial jobless claims rose to 474,000 in the week ended 30 April, up 10 percent from the previous week and the highest in eight months.
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