U.S. stocks open modestly lower after jobless claims come in higher than expected ahead of March jobs report

U.S. stock indexes opened lower on Thursday after data shows the number of Americans filing for unemployment benefits came in higher than expected last week, a sign suggesting the labor market has softened more than previously believed in the face of higher interest rates. The Dow Jones Industrial Average DJIA, -0.31% dropped 65 points, or 0.2%, to 33,421. The S&P 500 SPX, -0.45% was down 0.

3%, while the Nasdaq Composite COMP, -0.71% declined by 0.5%. In the seven days ended April 1, new jobless claims fell to 228,000 from a revised 246,000 in the prior week, topping the 200,000 level for the ninth week in a row, after changes to the seasonal adjustment formula. The latest report adds to evidence of a softening labor market after a wave of weak economic data earlier this week fueled hopes of a pause in the Federal Reserve's rapid interest rate hikes.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day. Buy AMC Hmmm.... Senator Gianaris viewpoints are contributing to what’s wrong in New York.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Good Friday complicates how stock-market traders will digest March U.S. jobs reportU.S. stock exchanges will be closed on Good Friday, but that won't stop the government from releasing the March jobs report. Falling demand for workers can result from reduced investments incumbent upon the higher borrowing costs.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »