Market Reaction to Economic Indicators

On Thursday, the United States stock market experienced a downturn following the release of the latest labor market data. The US Department of Labor reported an unexpected rise in initial jobless claims for the week ending March 15, surpassing analysts' expectations. This news, coupled with the US Federal Reserve and the Bank of England's decisions to maintain their key interest rates, set a cautious tone among investors.

Impact on Major Indices

The Dow Jones Industrial Average saw a decline of 0.40% at the opening bell, with Amgen shares dropping by 0.66%. Similarly, the Nasdaq 100 and the S&P 500 experienced decreases of 0.90% and 0.62%, respectively, as Intel's shares fell by 1.08% on both indexes.

Currency Movements

In the currency market, the euro weakened against the dollar, trading 0.74% lower at $1.08229. This movement reflects the broader market's reaction to the latest economic data and central bank decisions.