Global Markets: S&P 500, Dow crash; US jobless claim falls below 1 Million

The US markets fell sharply on Thursday night, S&P after testing record highs slipped back flat and Dow crashed 80 points.

The US markets fell sharply on Thursday night, S&P after testing record highs slipped back flat and Dow crashed 80 points.

The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems Inc.

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The Dow Jones Industrial Average fell 80.12 points, or 0.29 percent, to 27,896.72, the S&P 500 lost 6.9 points, or 0.20 percent, to 3,373.45 and the Nasdaq Composite added 29.27 points, or 0.27 percent, to 11,041.51.

Trends on SGX Nifty indicate a negative opening for the index in India with a 19 point loss. The Nifty futures were trading at 11,315 on the Singaporean Exchange around 07:30 hours IST.

Japan’s Nikkei 225 futures were up 0.06 percent after the Nikkei 225 index closed 1.78 percent higher at 23,249.61​​​​ on Thursday. Hong Kong’s Hang Seng index futures were down 0.13 percent.

(Inputs from Moneycontrol)