Stocks waver after rally sputters, jobless claims rise

Stocks waver after rally sputters, jobless claims rise

U.S. stocks were mixed at the start of trading Thursday after a dramatic two-day rally that kicked off the quarter fizzled.

The S&P 500 edged down 0.1%, while the Dow Jones Industrial Average sank 90 points, or 0.3%. The technology-heavy Nasdaq Composite was an outlier — up a modest 0.2%.

The moves early Thursday came after fresh data from the Labor Department showed a jump in the number of Americans filing for first-time unemployment insurance last week. Initial jobless claims rose sharply…


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