US Equity Markets Ended Lower as Most Government Bond Yields Rose

MT Newswires Live
Yesterday

US equity indexes were lower on Thursday as most government bond yields rose amid significant economic reports.

* US economic growth, as measured by gross domestic product, was revised upward to a 3.8% increase in Q2 from the previously estimated 3.3%, surpassing expectations from a Bloomberg survey that had anticipated no revision.

* US initial jobless claims dropped to 218,000 for the week ending September 20, down from an upwardly revised 232,000 the previous week, defying expectations of an increase to 233,000 according to a Bloomberg survey.

* US durable goods orders surged by 2.9% in August, rebounding from a 2.7% decline and defying Bloomberg's survey expectations of a 0.3% drop.

* November West Texas Intermediate crude oil rose $0.15 to settle at $65.14 per barrel, while November Brent crude, the global benchmark, was last seen up $0.20 to $69.51.

* Intel (INTC) is seeking an investment from Apple (AAPL) to support its turnaround efforts, Bloomberg reported, citing unnamed sources. Intel shares were up 8.8% Thursday, making it the top gainer on the S&P 500.

* CarMax (KMX) shares plummeted nearly 19%, making it the worst performer on the S&P 500, following a decline in fiscal Q2 earnings and revenue.

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