Reported 1 day ago
U.S. stocks dipped on Thursday, with the Dow Jones and S&P 500 both declining as investor optimism from a phone call between President Trump and China's Xi Jinping was overshadowed by escalating tensions between Trump and Tesla CEO Elon Musk. Tesla's shares plummeted more than 14% following Trump's critical remarks about Musk's government contracts. Meanwhile, unemployment claims reached an eight-month high, raising concerns about a slowing labor market.
Source: YAHOO