NEW YORK -- Stocks backtracked from an early thrust Thursday but still sealed reduce on concerns about slow mercantile debility in the U.S.
Investors were additionally nervous about the probability that Greeces rising debt problems competence brief over to alternative countries. But the dollar, that peaked early in the day as investors sought protected investments, came off the highs. And that signaled that investors, at slightest for now, had lost a little of their fears about abroad economies.
The Dow Jones industrial normal sealed down 53 points after carrying depressed 188. An astonishing climb in first-time claims for stagnation word done for a green mood in the market.
The Labor Department pronounced first-time claims for stagnation word rose by 22,000 to a seasonally practiced 496,000. Economists polled by Thomson Reuters had foresee a dump in claims.
It was the second true week that claims rose unexpectedly. High stagnation stays one of the greatest obstacles to a postulated mercantile recovery. The Labor Departments monthly inform on practice will be expelled subsequent week.
The broader Standard & Poors 500 index slipped 2.30, or 0.2 percent, to 1,102.94. The Nasdaq combination index fell 1.68, or 0.1 percent, to 2,234.22.
Crude oil fell $1.83 to $78.17 per tub in New York.
Jim Maguire Jr., a merchant at E.H. Smith Jacobs in New York, pronounced he expects the marketplace to go on the back-and-forth trade it has logged this year as investors see for clues about the gait of an mercantile rebound.
"There is a feeling out there that this is not a self-sustaining economy as of nonetheless and there is this expectancy that the batch marketplace is going to stutter since of it," he said.
Overseas, Britains FTSE 100 fell 1.2 percent, Germanys DAX index forsaken 1.5 percent, and Frances CAC-40 fell 2 percent.
Japans Nikkei batch normal fell 1 percent.
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