Weekly Jobs Report Keeps Stocks Down

Business

0  Updated at 2:58 pm, April 19th, 2012 By: ABC Digital
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Hemera/Thinkstock(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

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