U.S. stock indexes on Thursday fell for the first day this week as Google profit miss highlighted trouble in the tech sector and a rise in jobless claims offset upbeat manufacturing data. European stock markets erased losses in afternoon action on Thursday, after data from the Philadelphia Federal Reserve in the U.S. posted a sharper-than-expected jump in October. Asia stocks held in tight ranges this morning but were on track for solid weekly gains, with Hong Kong and Tokyo inching higher.
The Dow Jones Industrial Average lost 8.06 points, or less than 0.1%, to end at 13 548.94. The S&P 500 index retreated 3.57 points, or 0.2%, to 1 457.34, with technology hardest hit and telecommunications the best performer among its 10 major industry groups. The Nasdaq Composite shed 31.25 points, or 1%, to 3 072.87.
The Stoxx Europe 600 index was slightly higher at 275.70, after trading in negative territory before the data. Germany’s DAX 30 index added 0.4% to 7 422.49, while the U.K.’s FTSE 100 index rose marginally to 5 912.98. France’s CAC 40 index slipped 0.1% to 3 524.37.
Japan’s Nikkei Stock Average traded up 0.1%, after gaining 5.3% over the last four sessions. Australia’s S&P/ASX 200 index edged up 0.2% while South Korea’s Kospi fell 0.9%. In China, the Shanghai Composite index slipped 0.1% while Hong Kong’s Hang Seng Index advanced 0.3%.
The US dollar is currently trading at 1.30 to the euro, 1.60 to the pound and will buy 79.33 Japanese Yen or 8.63 South African Rand.
The JSE All Share index was 0.60% weaker at 37 051.95 and the Top 40 index shed 0.65% to 32 820.97.
Spot gold is currently trading at US$ 1 741.10/oz. and platinum at US$ 1 644.80/oz. Brent crude oil is currently trading at US$ 112.42 per barrel.