SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets closed mostly lower; Dow notches slender gain

US markets closed mostly lower; Dow notches slender gain

02 Feb 2018 Evaluate

The US markets closed mostly lower on Thursday, switching between gains and losses as fears of a pick-up in inflation and rising bond yields fostered emerging volatility on Wall Street, while Dow notched slight gain. Thursday’s trading action puts the Dow on track to register its biggest weekly fall since September 9, 2016, the S&P 500 is on pace for its steepest weekly slump since November 4, 2016, while the Nasdaq Composite is on pace for its worst such trading stretch since June. Market participants say fears of resurgent inflation, which has been sluggish and hanging below the Federal Reserve’s 2% annual target, are beginning to resurface and rattle investors. Signs of tightness in the labor market implies that wage growth, and prices, might pick up sooner than Wall Street has been expecting, compelling the Fed to accelerate its pace of interest-rate hikes. On the economy front, the productivity of US firms and workers fell at a 0.1% annual pace in the fourth quarter. The Institute for Supply Management said its manufacturing index in January slipped to 59.1% from 59.3% in December. The IHS Markit manufacturing reading showed that final US PMI steady at 55.5 in January from flash estimates.

On the other hand, the number of people who applied for unemployment benefits in late January fell by 1,000 to 230,000, keeping initial US jobless claims near a 45-year low. The more stable monthly average of claims fell by 5,000 to 234,500. The number of people already collecting unemployment benefits, known as continuing claims, rose by 13,000 to 1.95 million. Separately, the Commerce Department reported a 0.7% rise in construction spending in December, and a 2.6% advance over the last 12 months. That is the fifth monthly gain in a row and a record high.

The Nasdaq lost 25.619 points or 0.35 percent to 7,385.86, the S&P 500 edged lower by 1.83 points or 0.06 percent to 2,821.98, while the Dow Jones Industrial Average added 37.32 points or 0.14 percent to 26,186.71.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: