US stocks in doldrums despite solid job figures


NEW YORK—US stocks were mixed early Thursday despite weekly unemployment claims in the United States falling to their lowest level in four years.

The Dow Jones Industrial Average was down 8.44 points (0.06 percent) to reach 13,066.31 points in morning trade.

The tech-rich Nasdaq was up 3.30 points (0.11 percent) at 3,071.39 and the broad-market S&P 500 gained 0.37 point (0.03 percent) to 1,399.33.

The Labor Department reported 357,000 initial jobless claims were filed in the week ending March 31, the lowest level since April 2008.

“The pressure comes as recession and fiscal concerns continue to fester in the eurozone,” said analysts at Charles Schwab.

American Airlines was down 2.9 percent. General Electric, Merck, Pfizer, Goldman Sachs and 3M were also notably down.

Meanwhile US Airways, Bank of America and Home Depot were among the risers.

Bond prices rose as yields fell. The yield on the 10-year US Treasury was down 0.05 point to 2.20 percent. The 30-year was down 0.04 point to 3.34 percent.

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  • Pinoy

    like in the Philippines, the government here in the US most likely is making-up numbers to improve its economic outlook… Donald Trump said.. the government is making-up numbers in relation to the real state of US economy (budget deficit is on its highest… kapapanganak palang ng anak mo may utang na din… utang ng US ay tens of trillion dollars na) jobs created according to the government is also increasing.. ohh well i think they are making up the numbers (in my county, in the state of NY, about 500-700 government jobs will be cut this May.. and next year additional moves.. including additional job cuts needs to be made to ease budget deficit… even if you have been working 10-15 years, you have no security of tenure, good if the private sector will be able to absorb job losses… the problem is, many establishments have closed.. and still are closing)… ohh well.. saan pa ba kaya natototo ang pinas sa mga magic magic sa mga numbers na yan, eh di kay uncle Sam….

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