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logoArgusOctober 05, 2023

Market Update: HUM


Stocks fell on Thursday morning, led by declines in the Consumer Discretionary and Communication Services sectors. Weekly employment data pointed to a still tight labor market. First-time claims for state unemployment benefits rose by 2,000 to 207,000 for the week ended September 30, but were slightly below the Reuters consensus forecast of 210,000. Job cuts also declined on a month-to-month basis in September. Meanwhile, the U.S. trade deficit narrowed by a greater-than-expected 9.9% in August as exports rose and imports fell. The Dow was down 0.5%, the S&P fell 0.8%, and the Nasdaq fell 1.0%. Crude oil fell slightly to $84 per barrel, while gold traded near $1833 per ounce.

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