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Dow Jones Industrial Average backslides as NFP Friday looms


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  Most of the Dow Jones equity board is rising on Thursday, with equities overall bidding into positive territory, however key losses in overweighted securities are dragging the Dow Jones into the low side for the day.

The Dow Jones Industrial Average experienced a significant decline, dropping by 150 points on Thursday, December 5, 2024. This downturn was influenced by a combination of factors including disappointing economic data, geopolitical tensions, and uncertainty regarding future interest rate decisions by the Federal Reserve. Investors were particularly concerned about the latest employment figures which suggested a cooling labor market, potentially signaling an economic slowdown. Additionally, ongoing trade negotiations and fluctuating commodity prices added to the market's volatility. Despite some sectors like technology showing resilience, the overall market sentiment remained cautious, leading to a broad sell-off in major indices.

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[ https://www.fxstreet.com/news/dow-jones-industrial-average-sheds-150-points-on-thursday-202412051744 ]

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