Major stock markets in the Gulf were mixed in early trade on Thursday as signs of U.S. economic resilience dampened expectations for aggressive interest rate cuts in the near term.

Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq all post losses.

Global shares were trading mixed Tuesday, as European benchmarks declined while Asia derived some optimism from rising technology stocks on Wall Street. France's CAC 40 fell 0.3% in early trading to 7,

U.S. stock indexes are feeling the pressure from better-than-expected reports on the U.S. economy. The S&P 500 swung to a drop of 0.7% Tuesday after losing an earlier, small gain.