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U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.27% to 47,778.78. The NASDAQ fell 0.40% to 22,544.04, while the S&P 500 declined 0.23% to 6,767.01.
Utilities shares climbed by 1.6% on Thursday. Information technology stocks fell by 0.8% during the session.
The U.S. economy grew at an annualized rate of 0.5% in the fourth quarter. That represented a sharp deceleration from the 4.4% pace recorded in the third quarter and a downward revision of 0.2 percentage points from the prior estimate, primarily due to weaker investment data.
In commodity trading, oil rose 7.8% to $101.75. Gold increased 0.4% to $4,796.30.
Silver fell 0.6% to $74.900, while copper declined 0.6% to $5.7420.
European shares were lower on the day. The eurozone’s STOXX 600 fell 0.6%, while Spain’s IBEX 35 Index declined 0.8%. London’s FTSE 100 slipped 0.4%, Germany’s DAX dipped 1.6%, and France’s CAC 40 fell 0.9% during the session.
Asian markets closed lower on Thursday. Japan’s Nikkei 225 fell 0.73%, China’s Shanghai Composite dropped 0.72%, Hong Kong’s Hang Seng Index declined 0.54%, and India’s BSE Sensex fell 1.20%.
Photo via Shutterstock
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