1st Ld-Writethru: Wall Street trades mixed after sell-off
Friday, August 20, 2021 5:02 PM

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NEW YORK, Aug. 20, 2010 (Xinhua News Agency) -- Wall Street traded mixed on Friday with light trading volumes after a heavy sell-off on Thursday.

Market sentiment was battered after the latest batch of economic data provided further evidence that the economic growth was slowing.

The U.S. Labor Department said on Thursday that the number of U. S. workers filing for jobless claims jumped 12,000 to 500,000 in the week ended Aug. 14, the highest level in nine months. Meanwhile, the Federal Reserve Bank of Philadelphia announced a surprise decline in regional manufacturing activity.

The U.S. stocks tumbled with the Dow Jones average dropping more than 140 points on Thursday on dismal economic data.

With no economic data rolling out on Friday, investors found little reason to buy in the market before the weekend.

The Dow Jones industrial average dropped 57.59 points, or 0.56 percent, to 10,213.62. The Standard & Poor's 500 index fell 3.94 points, or 0.37 percent, to 1,071.69 and the Nasdaq was up 0.81 points, or 0.04 percent, to 2,179.76.

On currency front, the euro dropped against the U.S. dollar after European Central Bank Governing Council member Axel Weber said the bank should extend its loose monetary stance. The euro slid to 1.2711 dollars from 1.2824 on Thursday.

 

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