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Thu, December 5, 2024

Dow Jones Industrial Average backslides as NFP Friday looms

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.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/dow-jones-industrial-average-sheds-150-points-on-thursday-202412051744 ]