Wall Street Posts Losses After Hot Start to Week, Labor Department Releases Positive Unemployment Numbers


0  Updated at 1:59 pm, August 28th, 2014 By: ABC Digital
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iStockphoto/Thinkstock(NEW YORK) — After a strong start to the week, Wall Street posted losses on Thursday, while a Labor Department report indicated slightly improved unemployment numbers.

The Dow Jones Industrial Average closed at 17,079.57, down 42.44.

The Nasdaq finished at 4,557.70, a drop of 11.92 from Wednesday’s close, while the S&P 500 slipped 3.38 to 1,996.74, finishing below 2,000 for the first time since it broke that mark earlier this week.

The Labor Department’s weekly report indicated a slight decrease in jobless claims last week. The department also noted that there were no “special factors” that helped to decrease the figures.

Also on Thursday, the investigation into a cyberattack against JPMorgan Chase continued. Wednesday night, the FBI and Secret Service announced the investigation, though they were unable to definitively determine whether customer information was at risk due to the attack.

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