Stocks open slightly lower after surprise drop in jobless claims

/ / News

Stocks opened with small losses and traded near unchanged in early action Thursday after data showed a surprising drop in first-time claims for unemployment benefits. The Dow Jones Industrial Average was up 9 points, or less than 0.1%,at 27.210 while the S&P 500 was off 0.1% at 3,324. The Nasdaq Composite was off 0.1% at 10,982. Initial jobless claims fell by 249,000 last week, the first decline in three weeks, falling to 1.19 million and touching the lowest level since the coronavirus pandemic began more than four months ago.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.