HomeMarket NewsSmall CapsStock Markets Take a Dive as U.S. Employment Data Looms

Stock Markets Take a Dive as U.S. Employment Data Looms

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Folks, yesterday was no walk in the park for the U.S. stock markets. Investors were really on edge as they waited for the latest employment data to drop. You could feel the tension in the air as October showed a 3.6% month-over-month decline in U.S. factory orders, well below market expectations. Yikes!

But hey, there were some rays of sunshine breaking through the clouds, like Hawaiian Airlines HA which saw its stock soar after being swooped up in a $1 billion deal by its Alaskan competitor, Alaskan ALK. And get this – Uber Technologies UBER made a big splash with news of its inclusion in the S&P 500, causing its shares to climb!!

The Dow Jones Industrial Average slipped just 0.11% to 36,204.44, the S&P 500 took a 0.54% hit to land at 4,569.78, and the Nasdaq Composite fell 0.84%, finishing at 14,185.49.

Gee, things weren’t looking great across the pond either. Down in Asia, Japan’s Nikkei 225 sagged by 1.33% while Australia’s S&P/ASX 200 sank 0.89%. And let’s not forget about China’s Shanghai Composite and Hong Kong’s Hang Seng Index, both taking a beating too. Ouch!

And as for our friends in the Eurozone, it’s a bit of a mixed bag there too. The European STOXX 600 index crept up by 0.24%, but the U.K.’s FTSE 100 wasn’t faring so well, diving 0.59%.

Turning to commodities, Crude Oil WTI and Brent were up a smidge, while Gold was holding strong above that $2,000 mark. But Silver and Copper? Not looking so hot right now.

Stateside, things didn’t seem too promising with Dow futures pulling back 0.31%, S&P 500 futures sliding 0.44%, and Nasdaq 100 futures dipping 0.64%. Yikes!

And listen to this, the U.S. Dollar Index took a tiny step back to 103.67, while USD/JPY and AUD/USD were doing their own little dances, heading in opposite directions. Quite the morning at the forex market!

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