US stocks edge lower as investors wade through earnings and labor-market data
stockslost ground Thursday, with IBM weaker after a revenue miss.
- Investors received the weekly
jobless claimsreport showing a decline to a new pandemic-era low.
US stocks declined Thursday as investors assessed a new round of earnings reports and jobless claims at pandemic-era lows while seeing worries over the Evergrande crisis in China resurface.
All three of Wall Street's big equity indexes were slightly lower, with the broad S&P 500 index on the verge of ending a six-session run of wins. On the
Here's where US indexes stood at 9:30 a.m. on Thursday:
- S&P 500: 4,530.45, down 0.13%
- Dow Jones Industrial Average: 35,533.07, down 0.21% (76.27 points)
- Nasdaq Composite: 15,094.14, down 0.18%
US stock futures and other global stock
The US Department of Labor on Thursday said weekly filings for unemployment insurance fell again last week, setting them at another pandemic-era low. Jobless claims reached 290,000 last week. The median estimate from economists surveyed by Bloomberg was for a slight increase to 300,000 claims.
"At 290,000, weekly US initial jobless claims again came in better than expected. [That] Will reinforce the move among more #Fed officials judging that the "substantial further progress test" has been met. The more this continues, the greater the challenge to separating taper from rates," Allianz chief economist Mohamed El-Erian said in a Twitter post.
Around the markets, gold slipped less than 0.1% at $1,781.54 per ounce. The 10-year Treasury yield edged down to 1.659%.
Bitcoin fell 1.7% to $64,893.74.
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