Markets Dip Again, Fewer Americans Applying for Unemployment Benefits
Published at
iStockphoto/Thinkstock(NEW YORK) — After a Wednesday rebound, the markets fell again on Thursday, despite news that the number of Americans seeking jobless benefits fell near the lowest levels in seven years.
The Dow Jones Industrial Average finished the day at 16915.07, down 70.54.
The Nasdaq dropped 22.83 to a Thursday close of 4396.20, while the S&P 500 dipped 8.15 to 1964.68.
The Labor Department reported on Thursday that just 304,000 Americans applied for unemployment insurance last week, down 11,000 from the previous week’s figure. During the same week last year, the Labor Department said 353,000 people applied for unemployment benefits.
Follow @ABCNewsRadio
Copyright 2014 ABC News Radio