Global markets update: Fed interest rate hike fears pull down US stocks
jobless benefits fell in the last week. It suggests that the labor market remains tight despite the Fed's efforts to cool the economy and inflation. Shares of Meta Platforms sank 3.1% and Tesla 2.8%.
Apple slipped 1.5%. Shares of Exxon Mobil gained 1.9% and ConocoPhillips 1.8%. Cisco Systems jumped 3.3%.
Currencies The US dollar fell at 146.18 Japanese yen from 146.24. Against the euro, it fell at $1.0858 from $1.0880. Energy prices The US benchmark crude oil for September delivery added $1.01 at $80.39 a barrel on Thursday.
Brent crude for October delivery rose 67 cents at $84.12 a barrel. Natural gas for September delivery rose 3 cents at $2.62 per 1,000 cubic feet. Bullion Gold for December delivery plunged $13.10 at $1,915.20 an ounce.
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