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US stocks

ended the red session this week as technology stocks led losses on Wall Street in the shadow of the US corporate and banking disclosure season following the unveiling of a US Senate tax reform bill that is significantly different from The first draft of the bill itself by the House of Representatives.

The weekly reading of the ongoing jobless claims index rose by 17K to about 1,901K, before we saw the reading. The Wholesale Inventories Index, which showed a 0.3% growth, was little changed from September's preliminary reading.On the other hand, the proposed tax reform bill was unveiled by the Senate earlier on Thursday, which was lagging behind the same bill under study in the House of Representatives in terms of corporate and business tax rates in addition to tax cuts on individuals , Senate lawmakers have also proposed to postpone tax cuts on companies to 20% for about a year.Investors in financial markets have been alarmed by the approval of Republican President Donald Trump's tax reform plans in the US Congress to finally weigh on US Wall Street stocks in the latest session this week ahead of Friday's absence due to banks and financial markets holiday celebrations. Veterans Day in the United States.

The Dow Jones

Industrial Average closed 0.43% lower at 101.42 points at 23,461.94 points. The Standard & Poor's 500 Index shed 0.38%, or 9.76 points, to close at 2,584.62 points. The NASDAQ Composite Index shed 0.58% Or 39.06 to close at 6,750.05 points.Gold futures for December delivery rose 0.16% to currently trade at $ 1,285.70 an ounce at $ 1,283.70 an ounce, while the US dollar index fell 0.36% to 94.53 compared to the opening at 94.87.On the other hand, NYMEX crude futures for December delivery rose 0.39% to currently trade at $ 57.03 per barrel compared to the opening price of $ 56.81 per barrel. Brent crude futures for January 15 delivery Up 0.49% currently trading at $ 63.80 a barrel compared to the opening at $ 63.49 a barrel.