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Brief updates about US Markets (NYSE & Nasdaq). News about the movement of global indices such as Dow Jones, Nasdaq, S&P 500 etc.
US Market falls on profit taking
05-Dec-23   08:23 Hrs IST

The US stock market finished session in negative territory on Monday, 04 December 2023, as some investors opted to cash in on the recent strength in the markets and on caution ahead of November jobs report, scheduled for release on Friday.

At the close of trade, the Dow Jones Industrial Average index declined 41.06 points, or 0.11%, to 36,204.44. The S&P500 index dropped 24.85 points, or 0.54%, to 4,569.78. The tech-heavy Nasdaq Composite index decreased by 119.54 points, or 0.84%, to 14,185.49.

Total 6 of 11 S&P 500 sectors ended the day in negative territory, with communication services, information technology, and material sectors being notable losers, while real estate sector was notable gainer.

ECONOMIC NEWS: The Commerce Department released a report on Monday showing factory orders plunged by 3.6% in October after jumping by a downwardly revised 2.3% in September.

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