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Here's what happened to the stock market on Thursday

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The S&P 500 failed to break above its all-time high once again despite stronger-than-expected unemployment data.

Initial U.S. weekly jobless claims fell to 963,000, the Labor Department said. That's below a Dow Jones estimate of 1.1 million. It was also the first time since.

Thursday's data was the latest indication of an improving labor market. To be sure, investors continued to keep a watchful eye on Washington, where the nation's top lawmakers continue to haggle over a new coronavirus-relief package for American households and businesses.

 

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