Thomson Reuters
- US stocks dropped Thursday, with major indexes stalling after a strong streak of gains.
- Weekly jobless claims came in at 231,000, higher than estimates of 220,000.
- On Wednesday, the producer price index came in cooler than expected.
US stocks were slightly lower as markets opened on Thursday, as investors digested data from the Labor Department that showed a cooling labor market.
Weekly jobless claims climbed more than expected, with claims for the week ending November 11 hitting 231,00, above the Dow Jones estimate of 220,000.
Continuing claims climbed to 1.865 million, above the 1.853 million estimate.