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U.S. markets slide Thursday
NEW YORK, -- U.S. markets slid Thursday after the Labor Department said first-time unemployment claims rose in the week ending Oct. 9.
Initial claims for benefits rose by 13,000 after falling for six of the past seven weeks. The four-week rolling average for claims came to 459,000, up 2,250 from a week ago.
In a separate report, the Bureau of Economic Analysis said the U.S. trade deficit rose to $46.3 billion in August over a revised $42.6 billion in July. The trade deficit with China grew sharply from $25.9 billion to $28 billion.
In early afternoon trading, the Dow Jones industrial average lost 30.42 points or 0.27 percent to 11,065.66 after closing higher for the past four consecutive trading sessions.
The Standard & Poor's 500 index lost 6.29 or 0.53 percent to 1,171.81. The Nasdaq composite index lost 9.73 or 0.4 percent to 2,431.50.
The benchmark 10-year Treasury note fell 12/32 to yield 2.47 percent.
The euro rose to $1.407 compared to Wednesday's $1.3957. Against the yen, the dollar fell to 81.419 yen from Wednesday's 81.77 yen.
In Tokyo, the Nikkei 225 index added 1.91 percent, 180.00, to 9,583.51.
In London, the FTSE 100 index lost 0.35 percent, 20.14, to 5,727.21.
NEW YORK, -- U.S. markets slid Thursday after the Labor Department said first-time unemployment claims rose in the week ending Oct. 9.
Initial claims for benefits rose by 13,000 after falling for six of the past seven weeks. The four-week rolling average for claims came to 459,000, up 2,250 from a week ago.
In a separate report, the Bureau of Economic Analysis said the U.S. trade deficit rose to $46.3 billion in August over a revised $42.6 billion in July. The trade deficit with China grew sharply from $25.9 billion to $28 billion.
In early afternoon trading, the Dow Jones industrial average lost 30.42 points or 0.27 percent to 11,065.66 after closing higher for the past four consecutive trading sessions.
The Standard & Poor's 500 index lost 6.29 or 0.53 percent to 1,171.81. The Nasdaq composite index lost 9.73 or 0.4 percent to 2,431.50.
The benchmark 10-year Treasury note fell 12/32 to yield 2.47 percent.
The euro rose to $1.407 compared to Wednesday's $1.3957. Against the yen, the dollar fell to 81.419 yen from Wednesday's 81.77 yen.
In Tokyo, the Nikkei 225 index added 1.91 percent, 180.00, to 9,583.51.
In London, the FTSE 100 index lost 0.35 percent, 20.14, to 5,727.21.
