⁍ Wall Street opened lower on Thursday as a surprise increase in weekly jobless claims signaled that a labor market recovery was cooling.
⁍ The Dow Jones Industrial Average fell 47.04 points, or 0.18%, at the open to 26,716.09.
⁍ The S&P 500 opened lower by 10.78 points, or 0.33%, at 3,226.14.
– The Labor Department said Thursday that the number of Americans filing new claims for unemployment benefits rose by 12,000 last week, a bigger-than-expected increase that sent the Dow down about 100 points in the first minutes of trading. The Wall Street Journal characterizes the increase as a sign that the labor market is cooling and that more fiscal support will be needed to avoid another round of mass layoffs and furloughs.
Source: https://www.reuters.com/article/usa-stocks/wall-street-opens-lower-as-jobless-claims-rise-idUSKCN26F27G