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Asia And Europe Markets Dip, While US Dollar Strengthens - Global Markets Today While US Slept

On Thursday, June 20, U.S. stock markets closed mixed as Nvidia retreated from earlier gains, and investors evaluated economic data and Federal Reserve comments for clues on potential interest-rate cuts. According to the economic data, U.S. jobless claims fell by 5,000 to 238,000 in the week ending June 15, slightly above expectations. The four-week moving average rose to 232,750, the highest since September 2023. In May 2024, housing stats dropped 5.5% to 1.27 million, below forecasts, and building permits fell 3.8% to 1.386 million. The Philadelphia Fed’s general activity index fell to 1.3 in June, with employment levels continuing to decline despite a slight rise in the employment index. Energy and utilities were the top performers among the 11 S&P 500 sector indexes, while technology experienced ...