(NEW YORK) — Worries about the job market kept stocks in negative territory Thursday.
The Dow Thursday closed down 69 points, the Nasdaq lost 24 and the S&P gave up 8 points.
The number of Americans who filed for unemployment in the first week of April was revised higher, which could be a sign that hiring is beginning to slow down, even with first-time claims for jobless benefits dropping by 2,000 last week.
Meanwhile, House Republicans Thursday ignored a White House veto threat and voted in favor of a $46 billion tax cut for most employers. The bill’s not expected to get much support in the Senate.
Copyright 2012 ABC News Radio
Paul R. La Monica, CNN Newswire
Kathryn Vasel, CNN Newswire