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Article: UPI NewsTrack Business.
- Article from:
- UPI Energy Resources
- Article date:
- November 12, 2009
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U.S. markets head down Thursday
NEW YORK, Nov. 12 (UPI) -- U.S. markets were lower Thursday after six consecutive days of gains in New York.
Markets traded on narrow margins despite a Labor Department report that said initial claims for jobless benefits fell by 12,000 to 502,000 in the week ended Nov. 7. The four-week rolling average also dropped, declining by 4,500 to 524,250.
In late morning trading, the Dow Jones industrial average lost 52.68 points, 0.51 percent, to 10,238.58. The Standard & Poor's 500 shed 6.36 points, 0.58 percent, to 1,092.15. The Nasdaq composite index lost 8.15 points, 0.38 percent, to 2,158.75.
The benchmark ...