The Dow fell more than 100 points today, with Wall Street equities taking a hold. After the Dow has soared for 2 consecutive days, totaling more than 1,000 points.
At 8:34 p.m. Thai time, the Dow Jones Industrial Average stood at 33,949.98, minus 113.12, or 0.33%.
The Dow Jones Industrial Average closed more than 500 points yesterday after the Federal Reserve raised interest rates by 0.25%, as the market had expected. It also signaled that it will raise interest rates six more times this year to curb inflation. Markets have also been boosted by progress in peace talks between Russia and Ukraine.
Investors, however, became skeptical of the progress in peace talks between Russia and Ukraine. After Mr. Dmitry Peskov, spokesman for the Kremlin denied the media reports that Peace talks between Russia and Ukraine have made great progress. and both parties are close to reaching an agreement
“Let me tell you that the news is all wrong. which when there is progress I’ll tell you,” said Mr Peskov.
Mr Peskov also blamed the Ukrainian side for stalling the talks. Despite the fact that the Russian side is ready to negotiate 24 hours a day, talks will continue today.
The financial newspaper The Times reported yesterday that Peace talks between Russia and Ukraine have made great progress. and an agreement will be reached soon.
The White House said US President Joe Biden will hold a phone call with Chinese President Xi Jinping tomorrow.
White House spokesman Jane Saki said Biden would meet with Xi. Jinping on Russia’s deployment of troops to invade Ukraine including the issue of trade competition between the United States and China. and other issues that both sides have common concerns
The disclosure of US economic numbers today. The number of first-time claims for unemployment benefits fell 15,000 to 214,000 last week, the Labor Department said. which is the lowest level since the beginning of this year and below the forecast of 220,000 analysts.
The number of applicants for unemployment benefits is well below 215,000, the weekly average for the pre-COVID-19 pandemic in the United States.
The four-week average of the number of Americans who applied for unemployment benefits for the first time. This is considered a better measure of the labor market. As it eliminated weekly volatility, it dropped to 223,000.
Meanwhile, the US Department of Labor reported that The number of Americans who continued to claim unemployment benefits fell to 1.42 million, the lowest level since February 1970.
