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Wall Street Moved Markedly

New York (Benchmark News) – stocks on Wall Street ended vary on Thursday (6/10/1999), as investors wait for a report on payroll (payroll) non-farm U.S. workers at the end of this week.

Index Dow Jones Industrial Average lost 12.53 points or 0.07 percent to close at 18,268.50. Meanwhile, the index S&P 1.04 rises 500 points or 0.05 percent to end at 2,160.77, and the Nasdaq composite index was down 9.17 points or 0.17 percent to 5.306,85 U.

On the economic side, initial claims for US unemployment benefits dropped 5,000 became 249,000 adjusted seasonally for the week ending 1 October, lower than the market consensus of 256,000, the Labor Department said on Thursday.

The positive jobs data supports speculations of investors that the Federal Reserve will raise U.S. interest rates are at the end of the tribe, so hit the market on Thursday.

Traders will closely monitor non farm employment report on Friday for further clues about the next step of the U.S. central bank.

Wall Street is also looking into the price of oil, the U.S. crude oil climbed 1.22 per cent to 50.44 u.s. dollars per barrel after official data showed a surprise drop in weekly crude oil inventory in the United States…(Red)

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