US stocks end lower after another jump in jobless claims

📆 21/05/2020 6:49 p. m.
📰 The Straits Times

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US stocks finish lower, Dow down 0.4%, Nasdaq drops 1%

NEW YORK - Wall Street stocks finished lower on Thursday following a choppy session as markets weighed heightening US-China tensions and another spike in jobless claims.The broad-based S&P 500 dropped 0.8 per cent to 2,948.51, while the tech-rich Nasdaq Composite Index tumbled 1 per cent to 9,284.88.

"Every other day is another direction," said Art Hogan, chief market strategist at National Securities. "We're as glued to the coronavirus news as much as the economic news and that's going to cause a lot of volatility," Hogan said.

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