Thomson Reuters
- US stocks dropped on Thursday as traders took in fresh economic data.
- Industrial production fell 0.6% in October, more than the expected 0.4% decline.
- Weekly jobless claims came in at 231,000, higher than the estimated 220,000.
US stocks declined on Thursday following fresh manufacturing and labor market data, as the strong rally over the course of the week hit pause.
Industrial production dropped 0.6% in October, more than the consensus estimate for a 0.4% decline. At the same time, September's reading was revised down to a 0.1% increase, from 0.3%. Those declines came amid the UAW strike, with automotive production in particular seeing a 10.3% plunge.