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Wall Street Opens Mixed, Muted Impact from Jobless Claims; Dow Down 100 Pts -Breaking


© Reuters.

Geoffrey Smith 

Investing.com — The U.S. stock market opened lower Thursday due to the unimpressive second week of first jobless claims below 300,000. Investors are also uncertain about the quality of earnings reported by blue-chip stocks.

Tesla (NASDAQ:), Danaher Medical Device Group (NYSE:) and Railroad Operator Union Pacific (NYSE:) All fell despite reporting earnings, which were better than street projections at least at the first glance, and PayPal (NASDAQ:), continued to be affected by concerns over its proposed merger with Pinterest (NYSE :). IBM Stock fell in the NYSE after another disappointing quarter.

By 9:40 ET (1340 GMT), there were 99 points of decline, or 0.3%. Meanwhile, the was 0.2% lower and the was 0.1% higher. 

 

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.