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Stock Market Today: Jobs Data Boosts Stock Selling

techsm5

There was plenty for investors to consider on Thursday, including a pair of labor market updates and speculation that one of Wall Street’s most struggling retailers might go bankrupt. Market participants made it clear that they didn’t like anything they saw, driving the stock further lower.

Before the opening bell today, the Department of Labor said that weekly jobless claims (opens in a new tab) fell from 19,000 to 204,000 in the last week of 2022, more than economists expected. Continuing claims also fell slightly, down from 24,000 to 1.7 million.


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