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Stocks open lower after jobless claims rise

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.

By Christina Rexrode, AP Business Writer | Updated on August 23, 2012

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.

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