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American equity markets continue to slide Thursday

The US stock market continued to decline Thursday, reiterating a negative trend that has equities experiencing a poor week. In the United States, Initial Jobless Claims (April 13) came in at 352K, missing expectations of 350K. In addition, Continuing Jobless Claims (April 6) were reported at 3.068M, against projections calling for 3.075M.

Beginning with the indices and composites, the NASDAQ fell -0.23% as it settles in region of 3198.08, down -7.52 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1550.82, descending -1.40 points or -0.08% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14591.91, presently -0.18% after a movement of -27.00 points.

Sectors are all lower at the opening, however the Basic Materials and Technology sectors have distinguished themselves as the main winners thus far, plummeting +0.25% and +0.42% respectively. In other news, the price of crude is testing USD $87.25/bbl Thursday.

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