The stock market fell on Thursday in tandem with news that jobless claims rose again as indicated in a report set for release on Friday.
The weak job market has consistently presented itself as the primary piece of evidence in the claims of many analysts that the recovery is anemic. The unforeseen increase in initial claims for unemployment benefits last week was the most recent reminder for investors that stability is a long ways away.
The report lowered expectations for the number of worked hired by employees for the month of January.
Also worrying investors was the European debt that is rattling many nations in the EU, but none more than Greece, who has promised to follow new policies to a tee in order to help them climb out of debt.
In midmorning trading, the Dow slipped 192.19, or 1.9 percent, to 10,078.36. The Standard & Poor's 500 index lost 20.98 points, or 1.9 percent, to 1,076.30. The Nasdaq composite index fell 39.21, or 1.8 percent, to 2,151.70.
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