U.S. stocks open lower after jobless claims report

U.S. stocks opened lower Thursday as investors weighed a report showing initial jobless claims fell in the last week of 2022, indicating a strong labor market even as the Federal Reserve tries to cool the economy in its battle to bring down inflation. The Dow Jones Industrial Average DJIA, -0.94% was down 0.5%, soon after the opening bell, while the S&P 500 SPX, -0.91% shed 0.6% and the Nasdaq Composite COMP, -1.

12% fell 0.7%, according to FactSet data, at last check. The Department of Labor reported Thursday that new applications for unemployment benefits fell to 204,000 in the week ended Dec. 31.That was below the forecast from economists polled by the Wall Street Journal. Investors have been worried about how aggressive the Fed may need to be raising interest rates to cool inflation, and how long rates may remain high.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Stock Falls After Company Misses 2022 Vehicle-Delivery TargetThe start of a new year isn't bringing any relief for Tesla stock. The shares were recently off about 11%, making them biggest decliner on the S&P 500. Shares of the electric-vehicle maker slid Tuesday, after the company said it [delivered fewer vehicles in 2022](https://www.wsj.com/articles/elon-m Hmm, perhaps an engaged, focused CEO could help? Sounds like it's time to buy Tesla stock. Biden’s inflation made EV cars unaffordable. Sad.
Source: WSJ - 🏆 98. / 63 Read more »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »