Weekly initial jobless claims rose by 2,000 to 484,000, versus last week's figure which was upwardly revised by 3,000 to 482,000, and compared to the consensus estimate of economists, which called for claims to decrease to 465,000. The four-week moving average, jumped by 14,250 to 473,500. Details from Bloomberg...
The Dow Jones Industrial Average fell 59 points (0.6%) to 10,320, the S&P 500 Index was 6 points (0.5%) lower at 1,084, and the Nasdaq Composite declined 18 points (0.8%) to 2,190. Crude oil fell $2.17 to $75.85 per barrel, while the Bloomberg gold spot price gained $16.95 to $1,215.05 per ounce.
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