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The S&P 500 ticked lower on Thursday as uncertainty around the U.S. economy continued to weigh on equities, thwarting the market’s attempts at recovery from a monthlong rout.
The Dow Jones Industrials withered 11.43 points to 41,953.20,
The broader index slid 12.41 points to 5.662.88.
The NASDAQ was dwindled 59.16 points to 17,692.63, as Apple shares sank about 0.5%.
Shares of Alphabet saw declines, weighing on the market. Meta Platforms and Nvidia, however, were outliers among the “Magnificent Seven” stocks, each rising almost 1%.
New economic data released Thursday showed that economic worries might actually be overblown. Data from the National Association of Realtors showed that sales of previously owned homes in February rose 4.2% from January, while industry analysts had expected a 3% drop.
Additionally, jobless claims were only up slightly last week while layoffs remain low.
Prices for the 10-year Treasury gained ground Thursday, sending yields down to 4.24% from Wednesday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices were higher $1.14 to $68.30 U.S. a barrel.
Prices for gold acquired $11.80 an ounce to $3,053 U.S.
