Weekly initial jobless claims fell 11,000 to 457,000, versus last week's figure which was upwardly revised by 4,000 to 468,000, and compared to the consensus estimate of economists surveyed by Bloomberg, which called for claims to decrease to 460,000. The four-week moving average dropped by 4,500 to 452,500, while continuing claims rose by 81,000 to 4,565,000, compared to the increase to 4,500,000 that was anticipated by economists.
The Dow Jones Industrial Average fell 31 points (0.3%) to close at 10,467, while the S&P 500 Index declined 5 points (0.4%) to finish at 1,102, and the Nasdaq Composite lost 13 points (0.6%) to 2,252. Crude oil rose $1.22 to $78.21 per barrel, and the Bloomberg gold spot price gained $4.55 to $1,168.15 per ounce.
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