On Thursday, Eastern Time, the three major U.S. stock indexes closed lower for the third consecutive day. The Dow fell 370.46 points, or 1.08%, to 34070.42 points; the Nasdaq fell 245.14 points, or 1.82%, to 13223.99 points; the S&P 500 fell 72.20 points, or 1.64%, to 4330.00 points.
Large technology stocks fell collectively, with Apple falling 0.89%, Amazon falling 4.41%, Netflix falling 0.56%, Google falling 2.47%, Facebook falling 1.31%, and Microsoft falling 0.39%.
Bank stocks fell across the board, with JPMorgan Chase falling 0.8%, Goldman Sachs falling 1.96%, Citigroup falling 1.42%, Morgan Stanley falling 2.61%, Bank of America falling 1.75%, and Wells Fargo falling 1.33%.
Energy stocks generally fell, with Exxon Mobil falling 1.41%, Chevron falling 0.89%, ConocoPhillips falling 1.74%, Schlumberger falling 1.62%, and Occidental Petroleum falling 2.6%.
Popular concept stocks generally fell. Cheche Technology fell by 40.6%, Bit Digital fell by 9.43%, TuSimple fell by 8.39%, Dajian Cloud warehouse fell by 7.63%, Grace Biotech fell by 7.62%, Kingsoft Cloud fell by 6.51%. Pharmaceutical fell 5.55%, Atour fell 5.41%, and Melco Crown Entertainment fell 4.56%; in terms of gains, Huya Live rose 4.72%, and Yikatong Technology rose 2.64%. Zhonggai New Energy Automobile stocks fell across the board, with Weilai Automobile falling 4.14%, Xpeng Automobile falling 2.84%, and Li Automobile falling 0.8%.
On the news, data released by the U.S. Department of Labor showed that the number of initial jobless claims dropped to 201,000 last week, raising concerns that the data may prompt the Federal Reserve to maintain interest rate hike mode. Previously, the Federal Reserve announced that it would keep interest rates unchanged, but it is expected to raise interest rates once more before the end of the year.
In terms of European stock markets, the German DAX index fell 1.33% to 15571.86 points, the French CAC40 index fell 1.59% to 7213.9 points, and the British FTSE 100 index fell 0.69% to 7678.62 points.
In terms of international oil prices, WTI November crude oil futures closed down $0.03, or 0.03%, at $89.63 per barrel. Brent crude oil futures for November closed down $0.23, or 0.24%, at $93.30 per barrel.
In terms of gold prices, the settlement price of COMEX December gold futures closed down 1.4% at $1,939.6 per ounce.
As for the U.S. dollar index, as of late New York trading, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.23% to 105.362.