US stocks kicked off the day lower on Thursday, pulling back after a record-breaking session on Wednesday when both the S&P 500 and Nasdaq Composite closed at all-time highs.
The dip in stocks comes on the heels of a better-than-expected jobless claims report, showing fewer initial and continued claims for unemployment benefits.
That said, claims under the government’s Pandemic Unemployment Assistance program have been on the rise.
Here is where things stood at the opening:
- The Dow opened more or less flat.
- The S&P fell 0.5%.
- The Nasdaq opened 1.6% lower.