Stocks Turn Slightly Higher Early Thursday After Weekly Jobless Claims, Final Earnings Reports, and Rising China Tensions

Fundamentals haven’t justified the recent stock rally, one technical analyst notes

by Mark DeCambre and Andrea Riquier
Market Watch

U.S. stocks were lower midday Thursday as investors digested a fresh round of corporate results and economic data, including a report that showed another 2.44 million Americans filed for first-time jobless claims on an adjusted basis.

Market participants were also digesting a fresh spurt of hawkishness from the White House on China.

How are benchmarks faring?

The Dow Jones Industrial Average US:DJIA traded about 79 points, 0.3%, lower, near 24,497, while the S&P 500 index US:SPX was about 18 points, or 0.6%, lower at 2,953. The Nasdaq US:COMP fell about 67 points or 0.7% to trade near 9,308.

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