The Dow Jones Industrial Average fell more than 200 points early Tuesday despite better-than-expected U.S. jobless claims.
Among the Dow Jones leaders, Apple (AAPL) fell 0.3%, while Microsoft (MSFT) lost 0.1% in today’s stock market.
On Thursday, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 moved down 0.55%. The tech-heavy Nasdaq composite reversed lower to fall 0.2% in morning trade.
Early Thursday, the Labor Department said initial jobless claims were better-than-expected at 709,000, down from 757,000 the week before. Econoday estimates expected 737,000 jobless claims.
Among the top Dow Jones stocks, Apple moved down 0.3% Thursday, extending Wednesday’s 3% advance. Shares continue to rebound from their 50-day line.
The blue-chip giant is the No. 1-performing Dow Jones stock for 2020, with a 62.8% advance through Wednesday’s close.
MacDailyNews Note: Since that report was filed, Apple shares have nosed into the green, up 11-cents to $119.60 (+0.09%). Obviously, U.S. jobless claims is good news for the macroeconomy which, in turn, is good news for Apple which has a slew of new products on the market just in time for Christmas shopping season!