Rising Dollar, Jobless Claims Push Markets Lower


The strengthening dollar and an unexpected rise in unemployment fueled a loss of more than 1% across all the major indexes on Thursday. The U.S. dollar moved to a three and a half month high against a basket of foreign currencies, which signaled traders that there could be lower profit potential for U.S. companies, especially those with interests overseas. The Dow Jones Industrial Average dropped 132.86 points or 1.27% to 10,308.26. The broad market S&P 500 lost 13.11 points or 1.18%, falling to 1,096.07. The tech heavy Nasdaq was off 26.86 or 1.22% at 2,180.05.
%%DynaPub-Enhancement class="enhancement contentType-HTML Content fragmentId-1 payloadId-61603 alignment-right size-small"%%