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US stocks open higher following upbeat labor report, but close down

US stocks open higher following upbeat labor market data Dow gains 45 points S&P up 7 points

US stocks open higher following upbeat labor market data; Dow gains 45 points, S&P up 7 points

The report on initial weekly jobless claims showed a bigger-than-expected drop, so that’s encouraging.

Here are the numbers on the day for the major indexes down about 1/2 a percentage point

Dow 16,368 -75 0.46%
Nasdaq 4,335 -20 0.46%
S&P 500 1,910 -10 0.53%

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