Wall Street dips at open as labor market rebound slows

Posted on July 23, 2020

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. (REUTERS/Carlo Allegri)

BY SAGARIKA JAISINGHANI

Wall Street’s main indexes fell at the open on Thursday as data showed the number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, suggesting a recovery in the labor market was stalling.

The Dow Jones Industrial Average <.DJI> fell 49.87 points, or 0.18%, at the open to 26,955.97. The S&P 500 <.SPX> opened lower by 4.38 points, or 0.13%, at 3,271.64, while the Nasdaq Composite <.IXIC> dropped 16.62 points, or 0.16%, to 10,689.50 at the opening bell.