US markets close lower after choppy session

Wednesday, 05. October 2022 22:03

Major US stock markets closed lower on Wednesday after a hectic session and amid the publication of new economic data. Today, Automatic Data Processing Inc. (ADP) said that the number of jobs in the country climbed by 280,000 in September.

Moreover, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) confirmed they have agreed to cut their oil production by two million barrels per day (bpd). Consequently, the White House announced it will continue to direct SPR releases "as appropriate."

At the close, the Dow Jones lost 0.14%, with Goldman Sachs sinking 1.81%. The Nasdaq 100 fell 0.08%, while DocuSign decreased by 3.56%. The S&P 500 declined 0.20%, as Lumen Technologies dropped by 9.33%. The euro was down by 1.01% against the dollar at 3:58 pm ET, selling for $0.98830.

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Author:
Baha Breaking News (BBN) / JG