The Dow Jones closed down 39.09 points after Target Corp. revealed that its operating results had deteriorated.
DangStock, oil, gold, and foreign exchange market trends and conditions as of November 16, 2565.
Dow Jones Index, New York Stock ExchangeStocks closed lower on Wednesday (November 16) after Market, a major U.S. retailer, reported a sharp drop in third-quarter profits, raising investor concerns about the earnings outlook for retail companies as the holiday season approaches. The market was also pressured by a decline in chipmaker stocks after Micron Technology announced plans to reduce memory chip production.
The Dow Jones Industrial Average closed at 33,553.83, down 39.09, or -0.12%, the S&P 500 closed at 3,958.79, down 32.94, or -0.83%, and the Nasdaq closed at 11,183.66, down 174.75, or -1.54%.
european stock marketEuropean retailers closed lower on Wednesday (November 16), pressured by a drop in Mercedes-Benz Group shares. Weak sales forecasts from Target Corp., a major U.S. retailer, also weighed on European retail stocks amid concerns about consumer spending.
The STOXX 600 index closed at 430.17, down 4.27, or -0.98%.
The French CAC-40 index closed at 6,607.22, down 34.44, or -0.52%, the German stock market DAX closed at 14,234.03, down 144.48, or -1.00%, and the FTSE 100 in London closed at 7,351.19, down 18.25, or -0.25%
london stock marketStocks closed lower on Wednesday (November 16) following volatile trading, with mining stocks weighing down the market. In addition, UK inflation reaching a 41-year high underscored the severe cost of living crisis and dragged retail stocks down.
The FTSE 100 London Stock Exchange closed at 7,351.19, down 18.25, or -0.25%.
West Texas Crude Oil Contract (WTI) The New York market closed lower on Wednesday (November 16) after reports that Russia had resumed transporting oil through the Druzhba pipeline to Hungary, which had been previously suspended due to technical problems. The market was also pressured by the worsening COVID-19 outbreak in China.
The WTI crude oil contract will be delivered in December. fell $1.33, or 1.5%, to close at $85.59/barrel.
As for the Brent crude oil contract (BRENT), delivered in January. fell $1 or 1.1% to close at $92.86/barrel.
New York gold futuresGold prices closed lower on Wednesday (November 16) as investors took profits after gold futures surged to a three-month high during the day.
The COMEX (Commodity Exchange) gold contract is delivered in December. down $ 1, or 0.06%, to close at $ 1,775.8 / ounce.
Silver metal contracts delivered in December. They were up 0.6 cents, or 0.03%, at $21.524/ounce.
Platinum futures for January delivery fell $6.2, or 0.61%, to close at $1,016.2 per ounce.
The palladium contract was delivered in December. increased $ 3, or 0.1%, to close at $ 2,081.30 / ounce.
poundThe British pound strengthened against the US dollar in trading on Wednesday (November 16) in the New York foreign exchange market after reports showed UK inflation surged to its highest level in 41 years, which could prompt the Bank of England (BoE) to continue raising interest rates.
The dollar index, which measures the greenback against a basket of six major currencies, was down 6 percent at 0.12.
The pound strengthened against the US dollar to 1.1913 dollars from 1.1873 dollars, while the euro also appreciated to 1.0394 dollars from 1.0365 dollars.
The US dollar strengthened against the yen to 139.34 yen from 139.13 yen and against the Swiss franc to 0.9441 franc from 0.9424 franc. The US dollar also strengthened against the yen. with the Canadian dollar at 1.3329 Canadian dollars from 1.3285 Canadian dollars. and strengthened against the Swedish krona at 10.4822 kronor from 10.4530 kronor.
