Stocks Set to Close Mixed as Jobless Claims Increase for a Second Week, Top Expectations Amid Surge in COVID-19 Cases

Wednesday, November 25, 2020 3:48 PM | MT Newswires

US stocks were poised to close mixed on Wednesday after jobless claims data beat expectations, rising for a second consecutive week as a surge in COVID-19 cases prompted more restrictions. The US markets will be closed on Thursday in observance of the Thanksgiving Day holiday.

The Dow Jones Industrial Average fell 0.59% to 29,869.00 and the S&P 500 edged down 0.3% to 3,625.21, while the Nasdaq Composite rose 0.4%, to 12,081.71. Sectors were mostly in the red, with only consumer discretionary, technology and real estate sectors posting gains. Energy was the steepest decliner.

US West Texas Intermediate crude was up 1.6% at $45.63 per barrel.

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