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Wall Street opens lower as jobless claims rise | amNewYork

Wall Street opens lower as jobless claims rise

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City

BY DEVIK JAIN

Wall Street opened lower on Thursday as a surprise increase in weekly jobless claims signaled that a labor market recovery was cooling and that more fiscal support would be necessary to avoid another round of mass layoffs and furloughs.

The Dow Jones Industrial Average <.DJI> fell 47.04 points, or 0.18%, at the open to 26,716.09. The S&P 500 <.SPX> opened lower by 10.78 points, or 0.33%, at 3,226.14, while the Nasdaq Composite <.IXIC> dropped 81.97 points, or 0.77%, to 10,551.02 at the opening bell.

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