Stock Market Today: Stocks Struggle as Rally Loses Steam

Weekly jobless claims hit a 52-year low, but omicron worries weighed on investor sentiment.

investor looking at charts on tablet and smartphone
(Image credit: Getty Images)

Markets opened lower following three straight days of gains.

Today's focus was the latest update on weekly jobless claims, which showed the number of initial applicants for unemployment benefits fell to 184,000 last week. Not only was this well below the 227,000 recorded the week prior, but it was the lowest amount since September 1969, according to the Labor Department.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.