China, Hong Kong And Europe Markets Dip; Dollar Strengthens - Global Markets Today While US Slept

On Thursday, March 20, U.S. markets closed lower as investors digested fresh economic data, Federal Reserve policy signals, and growing tariff concerns amid ongoing volatility. Despite recent selling pressure from soft indicators and weakening sentiment, equities had advanced in three of the previous four sessions.

The Fed held interest rates steady, projected two cuts later this year, and flagged slower growth alongside elevated inflation while uncertainty around trade policy persists.

Economic data showed that the Q4 current account deficit narrowed to $303.9 billion. Jobless claims edged up to 223,000, slightly below expectations, and the Philadelphia Fed Manufacturing Index fell to 12.5 in March—down from 18.1 but ahead of forecasts.

Most S&P 500 sectors declined, led by losses in materials, consumer staples, and tech. Energy and utilities, however, bucked the trend, closing higher.

The Dow ...