US stocks slip after 3-day rally as investors assess new virus restrictions and jobless claims



The stock market has risen over the last year, helping to break the 36,000 barrier.

IANS News Agency

US stocks fell on Thursday as investors digest new data.
The UK has imposed a new mask-wearing policy as it expects a big surge in cases.
The weekly unemployment claims fell to their lowest level in decades.

US stocks fell on Thursday after a 3-day rally erased last week's losses as investors digest new virus restrictions out of the UK

The UK is asking employees to work from home when possible, and is imposing new mask wearing restrictions in certain indoor settings, in order to prevent a surge in daily COVID-19 cases.

The Omicron variant is more transmissible than the Delta variant, according to early studies.

The number of people who applied for unemployment insurance in the week ended on Thursday was 184,000, the lowest level since 1969. The week that ended on November 27 had continuing claims that were higher than expected.

The US indexes stood at 9:30 a.m. The hours are open on Thursday.

The users of the ethereum network are angry with the high transaction fees of ether. Developers are rushing to fix the problem that could derail ether's leading status. The loss of ether helps boost ether rivals like solana.
As institutional investors increase their allocations, the price of the digital currency could go to more than $500,000, according to Ark Invest's Cathie Wood.

This year has been a wild ride for cryptocurrencies, including metaverse and digital art that is valued in ether. These are the best performing assets.
After the video game retailer announce third-quarter earnings that beat revenue estimates but missed profit estimates, all eyes are on original meme stock. The company's stock traded lower after it was disclosed that the SEC was looking into it.

The price of West Texas Intermediate crude oil dropped as much as 0.90%. The price of oil fell as much as 0.91%.

The price of gold fell as much as 4%.

Business Insider has an original article.