New York equities: Dow slips below 30,000 points before the holiday

news-source=”dpa-afx”>

NEW YORK (dpa-AFX) – The US stock exchanges paid some tribute to their price rally since the beginning of November on Wednesday. The leading index Dow Jones Industrial lost 0.47 percent to 29,905.09 points in the first hour of trading after breaking the 30,000 point mark for the first time the day before. For the market-wide S&P 500, which was only a few points short of a record on Tuesday, it went down by 0.29 percent to 3,624.81 points. In contrast, the technology-heavy Nasdaq 100, which has recently weakened more frequently, achieved an increase of 0.23 percent to 12,107.65 points.

The holiday Thanksgiving on Thursday, on which Wall Street is not traded, is also responsible for the reluctance among investors – and on Friday it closes its doors earlier than usual. That is why many stockbrokers use the public holiday for a long weekend. Investors mostly keep a low profile beforehand. You could also choose to take gains during the day. After all, the Dow has so far jumped a good 13 percent or more than 3500 points in November alone./gl/he

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