Wall Street Indexes Fall Amid Investor Caution

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Wall Street Indexes Fall Amid Investor Caution
Photo: Yuki Iwamura/AP/TT

Investors on Wall Street continue the week cautiously. The leading indexes in New York fell again on Thursday.

The broad S&P 500 has its longest streak with minus figures in a month, reports Bloomberg, and fell 0.5 percent. Also, the technology-heavy Nasdaq composite index fell 0.5 percent. The Dow Jones industrial index fell 0.4 percent.

Cloud service company Oracle weighed down for the third day in a row with a decline of 5.6 percent. The stock's downturn suggests renewed concern about a possible bubble in the AI sector, according to CNBC.

Electric car manufacturer Tesla was also among the losers among the really big companies, minus 4.4 percent.

The interest rate on a 10-year American government bond took a step up to touch 4.2 percent, after the latest monthly figures for new applications for unemployment benefits were adjusted downwards.

Investors are also cautious ahead of new inflation figures, according to the PCE measure, coming on Friday.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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