Afternoon Markets: Dow dips despite benign jobless data

Stocks in New York were mixed in early trading on Thursday as fears over the number of US unemployed ...

Stocks in New York were mixed in early trading on Thursday as fears over the number of US unemployed calmed. The Department of Labor said weekly initial jobless claims were 621,000 last week, compared to a revised 625,000 the week before. Expectations were for 620,000 claims, lower than anticipated. Investors are also awaiting government unemployment data for May, which is due for release tomorrow. Less than two hours after opening, the Dow Jones had fallen almost 30 points, or 0.34%, to 8,645.8. Financials were higher. Citigroup was up 0.08 points, or 2.36%, to $3.47, while JPMorgan ...