US Equity Indexes Decline in Midday Trading
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US equity indexes declined in midday trading, with the Nasdaq Composite down 0.2%, S&P 500 down 0.3%, and Dow Jones Industrial Average also down 0.3%. The real estate sector was the worst performer. Initial jobless claims fell to 199,000, and US crude oil stocks decreased by 1.7 million barrels. In company news, Oriental Rise shares rose 25.4% after announcing an acquisition intent, while Nike shares increased by 4.1% following a CEO stock purchase. WTI crude oil futures fell 0.2% to $57.78 a barrel.
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