About 20 minutes into trading, the Dow Jones Industrial Average was down 0.5 per cent at 25,934.74. — Reuters pic
US jobless claims came in at 1.3 million last week, an exceptionally high number historically speaking, but down 99,000 from the prior week, showing a steady decline as the world’s largest economy gradually reopens and workers are recalled to their jobs. Investors have largely shrugged off spikes in US coronavirus cases, although there have been intermittent waves of selling.
Among individual companies, Walgreens Boots Alliance slumped 7.2 per cent as it projected full-year profits well below analyst expectations. Market conditions in Britain are “expected to remain very depressed,” the company said.
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