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Market Overview
On Thursday, major U.S. stock indexes closed mostly higher as investors digested the latest economic data, including increases in initial jobless claims and job cuts, alongside the newest earnings reports from companies like Eli Lilly and Co. and Warner Music Group. Additionally, President Donald Trump's recent executive orders, tariffs, and other decisions were in focus.
Index Performance
The Dow Jones Industrial Average saw a slight decrease of 0.28%, or 125 points, largely due to a significant 5.64% drop in Honeywell International Inc. shares. Conversely, the Nasdaq 100 enjoyed a 0.54% increase, gaining 115 points, with Palantir Technologies Inc. leading the charge with a 9.79% surge. The S&P 500 also rose by 0.36%, buoyed by Tapestry Inc.'s impressive 12.02% jump.
Currency Movements
In currency markets, the euro experienced a minor decline against the dollar, selling for $1.03890 by 3:59 pm ET, marking a 0.15% decrease.
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