From Nasdaq: 2024-11-15 10:06:04

Stocks, including the S&P 500, Dow Jones, and Nasdaq 100, closed lower on Thursday due to hawkish comments from Fed Chair Powell. Positive corporate news boosted Walt Disney and airline stocks. US economic data showed strength, with lower jobless claims and higher producer prices. Markets eye retail sales and earnings reports. (50 words)

US weekly initial unemployment claims fell to a 5-1/2 month low, while Oct PPI final demand exceeded expectations. Fed Chair Powell expressed satisfaction with the US economy’s performance, leading to doubts about a rate cut next month. Stock markets globally settled mixed. Interest rates and European government bond yields fluctuated. (50 words)

Stocks with big government contracts, like Leidos Holdings and General Dynamics, faced pressure after President-elect Trump’s appointments. Super Micro Computer and Hims & Hers Health saw declines. Tapestry surged after ending a merger, and chip stocks rallied. Airline stocks rose on positive sentiment. Earnings reports are awaited. (50 words)



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