: U.S. stocks open lower as investors weigh jobless claims, labor productivity reports


U.S. stocks opened lower Thursday, as investors assessed data showing a slight rise in jobless claims as well as an economic report on labor productivity during the second quarter. The Dow Jones Industrial Average DJIA, -0.35% was down 0.3% soon after the bell, while the S&P 500 SPX, -0.47% fell 0.4% and the Nasdaq Composite COMP, -0.35% dropped 0.5%, according to FactSet data, at last check. Initial jobless claims rose by 6,000 to 227,000 in the week ended July 29, according to a Department of Labor report Thursday. Meanwhile, labor productivity increased during the second quarter at a 3.7% annual rate, the U.S. Bureau of Labor Statistics said Thursday.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleThe Human Cost: This Florida woman had a $30K bill after a hurricane damaged her home, yet she had wind and flood insurance: ‘I burst into tears’
Next articleJPMorgan’s Jamie Dimon argues U.S. should have world’s best credit rating


Please enter your comment!
Please enter your name here