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Dow Falls Over 100 Points; US Initial Jobless Claims Move Higher

U.S. stocks were lower this morning, with the Dow Jones falling over 100 points on Thursday. Following the market opening Thursday, the Dow traded down 0.37% to 35,153.58 while the NASDAQ fell 0.37% to 13,921.89. The S&P 500, also fell, dropping, 0.50% to 4,491.00.

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Global Markets Today While US Was Sleeping

On Wednesday, August 2, the U.S. markets closed lower after Fitch downgraded the long-term credit rating of U.S. NASDAQ fell as traders focused on the downgrade of U.S. debt and rising Treasury yields.  Major indices had no boost from the better-than-expected ADP Employment Change report, which indicated that private enterprises gained 324,000 jobs in July.

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Nasdaq Dips 300 Points; Kraft Heinz Posts Upbeat Earnings

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 300 points on Wednesday. Fitch Ratings downgraded the United States’ sovereign credit grade from AAA to AA+. The Dow traded down 0.82% to 35,339.52 while the NASDAQ fell 2.11% to 13,982.50. The S&P 500, also fell, dropping, 1.27% to 4,518.43.

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