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Stocks open slightly lower as jobless-claims data show unemployment stabilizing
U.S. stocks edged lower at the start of trade Thursday as investors parsed new data on applications for unemployment benefits and news that the European Central Bank announced a larger-than-expected asset-buying program to combat the economic impact of coronavirus. The Dow Jones Industrial Average fell 66 points, or 0.2%, to 26,219, the S&P 500 index declined 10 points, or 0.3%, to 3,113 and the Nasdaq Composite index retreated 19 points, or 0.2%, to 9,664. Data on claims for jobless benefits showed 1.88 million Americans filing applications during the week ended May 30, down from 2.13 million the week before. Data on continuing claims show 19.3 million Americans claiming unemployment benefits, up 437,000 from the week prior, but down from a pandemic peak of 23 million. The European Central Bank increased the size of its Pandemic Emergency Purchase Program by 600 billion euros to 1.35 trillion euros, a larger boost than markets were expecting.
https://finance.yahoo.com/m/8cb9981.../stocks-open-slightly-lower-as.html?.tsrc=rss
U.S. stocks edged lower at the start of trade Thursday as investors parsed new data on applications for unemployment benefits and news that the European Central Bank announced a larger-than-expected asset-buying program to combat the economic impact of coronavirus. The Dow Jones Industrial Average fell 66 points, or 0.2%, to 26,219, the S&P 500 index declined 10 points, or 0.3%, to 3,113 and the Nasdaq Composite index retreated 19 points, or 0.2%, to 9,664. Data on claims for jobless benefits showed 1.88 million Americans filing applications during the week ended May 30, down from 2.13 million the week before. Data on continuing claims show 19.3 million Americans claiming unemployment benefits, up 437,000 from the week prior, but down from a pandemic peak of 23 million. The European Central Bank increased the size of its Pandemic Emergency Purchase Program by 600 billion euros to 1.35 trillion euros, a larger boost than markets were expecting.
https://finance.yahoo.com/m/8cb9981.../stocks-open-slightly-lower-as.html?.tsrc=rss
