Stocks tried hard to regain losses after a big sell-off yesterday, but finished the day mostly down amid a strong government report on declining jobless claims and reports from economists regarding the certainty of an interest rate hike.
The Dow Jones Industrial Average shed 0.2 percent to close at 17,678.23 while the S&P 500 lost 0.24 percent to finish at 2,056.15 while the WWD Global Stock Tracker slipped 0.5 percent to close at 114.66. All the major indices treaded in positive territory at points throughout the day, but still ended the day in the red.
Of the 100 issues in the WWD tracker, 75 declined while 21 advanced and four were unchanged from yesterday’s close. One notable advancer was Lululemon Athletica Inc., which reported strong quarterly sales and earnings.
For tomorrow, global investors will be keeping an eye on crude oil prices, which jumped today 4.3 percent, as well as economic indicators in Europe that include retail sales for Germany and Italy as well as home prices in the United Kingdom. U.S. gross domestic product tallies are also on deck.