Trader Leon Montana works on the floor of the New York Stock Exchange.
AP Photo/Richard Drew
US stocks were mostly lower on Thursday, ending a three-day rally.
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.
The US stocks finished mostly lower on Thursday, ending a 3-day win streak.
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 4:00 pm. The close is 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. Wood defended Ark Invest's strategy of investing in innovative growth stocks.
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.
MicroStrategy has added 1,434 bitcoin to its holdings over the past week. The average price was over $60,000. The purchases were underwater on Thursday.
After the video game retailer announce third-quarter earnings that beat revenue estimates but missed profit estimates, all eyes were on original meme stock GameStop. The company's stock traded lower after it was disclosed that the SEC was looking into it.
Demand for the essential building material remains steady despite ongoing supply chain issues, as lumber prices jumped above the $1,000 price level on Thursday.
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.
