The Dow opened higher Thursday, but stocks are still struggling to recover


U.S. stocks traded mixed Thursday morning, in what has become an increasingly volatile market resulting in uncertainty over the spread of coronavirus and a fuzzy path for monetary policy and the U.S. economy. The Dow Jones Industrial Average DJIA was up 0.4% at 34,161, the S&P 500 index SPX added 0.1% to 4,518, while the Nasdaq Composite Index COMP declined 0.1% at 15,241. In ecoonomic reports, the number of people who applied for unemployment benefits around Thanksgiving surged above 200,000, partly reversing a big plunge in the prior week that had knocked jobless claims down to 52-year low. New filings for benefits jumped by 28,000 to 222,000 in the seven days ended Nov. 27, the Labor Department said Thursday. Markets have been under pressure as a result of the emergence of concerns related to the omicron variant of the coronavirus that causes COVID-19.

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