NEW YORK JC Tretter Jersey , April 30 (Xinhua) -- U.S. stocks dropped Thursday as a spate of downbeat corporate results and mixed economic data revealed a recent downshift in the U.S. economy, dampening market sentiment.
The Dow Jones Industrial Average lost 195.01 points, or 1.08 percent, to 17,840.52. The S&P 500 was down 21.34 points, or 1.01 percent Kevin Zeitler Jersey , to 2,085.51. The Nasdaq dropped 82.22 points, or 1.64 percent, to 4,941.42. The slide reversed the bulk of the month's gains for stocks.
In corporate news, LinkedIn reported a first-quarter loss Danny Shelton Jersey , citing the strong dollar and slower-than-expected growth. Its stock plunged more than 20 percent after the report.
Time Warner Cable's shares also fell 1.5 percent after posting a disappointing profit and revenue for the first quarter.
Meanwhile, a mixed bag of economic data added to uncertainty about the outlook for interest rates. In the week ending April 25, the advance figure for seasonally adjusted initial jobless claims was 262,000, a decrease of 34,000 from the previous week's revised level Shon Coleman Jersey , the U.S. Labor Department said Thursday. The latest reading was the lowest level in 15 years and below market consensus of 288, 000.
The upbeat employment data came just one day after the U.S. real gross domestic product showed a sharp slowdown from the fourth quarter's 2.2 percent pace.
According to an advanced estimate released by the U.S. Commerce Department Wednesday, the U.S. economy increased at an annual rate of 0.2 percent in the first quarter this year, below expectations of 1-percent growth.
The Federal Reserve downgraded its outlook of the U.S. labor market and economy in a statement released Wednesday. During the two-day monetary meeting, Fed officials focused mainly on the country's economic weakness in recent months, saying U.S. economic growth has "slowed" since last Fed meeting in March.
In other markets Cody Kessler Jersey , oil prices extended gains Thursday amid continued expectations of an easing in the supply glut.
Light, sweet crude for June delivery moved up 1.05 U.S.dollars to settle at 59.63 dollars a barrel on the New York Mercantile Exchange.
The U.S. dollar increased against most major currencies on Thursday as the job data from the country came out overall positive.
In late New York trading, the euro rose to 1.1253 dollars from 1.1114 dollars in the previous session. While the U.S. dollar bought 119.34 Japanese yen, higher than 119.01 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange dived Thursday as market expected the U.S. central bank will not raise the interest rate in the first half of the year.
The most active gold contract for June delivery lost 27.6 dollars, or 2.28 percent, to settle at 1 Carl Nassib Jersey ,182 dollars per ounce.
BUCHAREST, April 23 (Xinhua) -- Moldova's National Economic Researches Institute (INCE) on Thursday predicted a possible 0.6-percent economic growth for the current year, a forecast more optimistic than the government and main international institutions, which estimate an economic downturn in the former soviet republic.
Yet, the researchers of the institute stressed that the predicted growth is based on "an adequate management of the imminent risks." Otherwise, "the national economy might enter a recession this year Emmanuel Ogbah Jersey , with a two-percent contraction of the Gross Domestic Product in real terms against 2014."
Moldova's economy faced a difficult situation in 2014 in light of numerous trade embargoes imposed on Moldovan goods by the Russian Federation and uncertainty related to the situation in Ukraine.
In addition to these, serious problems in Moldova's financial sector posed a risk to stable economic development.
Shortcomings in the banking sector came to the fore at the end of 2014 with two consecutive decisions by the central bank to place three major commercial banks under special administration, representing about 30 percent of total banking assets.
The above-mentioned risks will persist in the current year too, while at the same time there are also the local elections, as well as enhancement of the inflationist pressures, INCE director Alexandru Stratan was quoted as saying by official Moldpres news agency.
The Economics Ministry and the International Monetary Fund forecast a decrease of the national economy by one percent in 2015 Corey Coleman Jersey , while the World Bank anticipates a two-percent recession of the Moldovan economy, as a result of the regional crisis, diminution of external demand, cut in money transfers and finances.
Moldova, a tiny country of 3.5 million people sandwiched between Romania and Ukraine, is trying to reorient its economy towards the west after it signed the Association Agreement with the European Union (EU) last June and in 2014 Zane Gonzalez Jersey , the EU accounted for over 50 percent of the country's exports.
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