Wall Street observed a drop in stock during early trading on Thursday. Traders also took concern regarding the Greek economy and its debt problems. For More information regarding Global News or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Wall Street noticed a drop in stock during early trading on Thursday. The Dow Jones industrial average dropped 38.24, or 0.4 percent, to 10,859.28. The Standard & Poor's 500 index tumbled 5.95, or 0.5 percent, to 1,176.49, while the Nasdaq composite index declined 12.38, or 0.5 percent, to 2,418.78.
The Labor Department stated that claims for unemployment benefits sprouted unexpectedly last week, boosting up to 18,000 to 460,000. Last week, the Labor Department said employers added 162,000 jobs in March, which is the most that we’ve seen in nearly 3 years. Nevertheless, the most up-to-date reports on weekly claims shows revitalization could still be shaky
Traders also took concern regarding the Greek economy and its debt problems. Greece’s debt troubles have been one of the main reasons stocks have fallen worldwide this year. European along with Asian indexes is down by more than 1 percent
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