Weekly initial jobless claims declined by 4,000 to 444,000, versus last week's figure which was upwardly revised by 4,000 to 448,000, and compared to the estimate which called for claims to decline to 440,000. The four-week moving average, declined by 9,000 to 450,500, and continuing claims rose by 12,000 to 4,627,000, compared to the decline to 4,590,000 that was anticipated.
The Dow Jones Industrial Average fell 114 points (1.1%) to close at 10,783, while the S&P 500 Index lost 14 points (1.2%) to 1,157, and the Nasdaq Composite was 31 points (1.3%) lower at 2,394. Crude oil fell $1.25 to $74.40 per barrel, while the Bloomberg gold spot price declined $6.50 to $1,232.43 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
