Wall Street dips at open on stronger U.S. dollar
Wall Street opened slightly lower on Thursday as the U.S. dollar strengthened after the government reported that initial jobless claims rose less than expected.
The Dow Jones industrial average <.DJI> fell 21.24 points, or 0.20 percent, to 10,552.44. The Standard & Poor's 500 Index <.SPX> dropped 1.56 points, or 0.14 percent, to 1,135.58. The Nasdaq Composite Index <.IXIC> shed 0.27 point, or 0.01 percent, to 2,300.82.
The dollar index <.DXY> rose 0.4 percent.
A day ahead of key government payrolls data, the Labor Department said weekly initial jobless claims increased by 1,000 to a seasonally adjusted 434,000 after declining for two consecutive weeks. Economists forecast claims at 447,000.
(Editing by Jeffrey Benkoe)
© Copyright Thomson Reuters 2024. All rights reserved.