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Stocks Fall as Jobless Claims Rise – The Wall Street Journal

Major indexes slip Thursday as technology shares continue to decline and jobless claims remain above pre-pandemic peak

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Stocks fell Thursday, signaling that technology shares will lead declines for major indexes as investors awaited earnings and assessed fresh data on the U.S. labor market.
The S&P 500 dropped 0.8%, while the Dow Jones Industrial Average fell 0.7%. The technology-heavy Nasdaq Composite continued its tumble from Wednesday, declining 1.1%.
Jobless claimsa proxy for layoffsremained above the pre-coronavirus pandemic peak of 695,000. New applications for unemployment benefits rose to 861,000 last week,…

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