A rally in the dollar continues; Dow edges higher in early tradingStocks were mostly lower in early afternoon trading Thursday, with all three major U.S. indexes on a path toward weekly losses.
The big question for the moment: Will U.S. interest rates remain higher for longer? Investors are weighing evidence that the U.S. economy remains hot, stoking worries that the Federal Reserve will need to keep policy tight. The latest jobless claims report suggested the labor market is still tight. Initial claims fell to the lowest since early February, marking a fourth straight week of declines, the Labor Department reported Thursday.Stock indexes were mixed.
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