NEW YORK (AP) — U.S. stocks opened lower Thursday after the government said the number of people seeking unemployment claims rose last week, evidence of an uneven recovery in the job market.
The Dow Jones industrial average fell 74 points to 13,099 just after 10 a.m. EDT and was headed for its fourth consecutive decline. The Standard & Poor's 500, which earlier this week hit its highest point in four years, was down seven to 1,407.
The price of gold climbed for a second straight day after the Federal Reserve hinted that it may step in soon with additional help for the economy unless the recovery picks up dramatically.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
