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Wall Street opens down after jobs data

NEW YORK : US stocks fell at the open on Thursday after data showed applications for unemployment insurance rose unexp
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By Imad Uddin
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NEW YORK: US stocks fell at the open on Thursday after data showed applications for unemployment insurance rose unexpectedly last week and ahead of speeches on jobs and the economy from US President Barack Obama and Federal Reserve Chairman Ben Bernank

The Dow Jones industrial average lost 54.41 points, or 0.48 percent, to 11,360.45. The Standard & Poor's 500 Index fell 6.79 points, or 0.57 percent, to 1,191.83. The Nasdaq Composite Index dropped 12.49 points, or 0.49 percent, to 2,536.45.

 

Copyright Reuters, 2011

 

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