Stock Market Today: Stocks Slide Ahead of September Jobs Report

Higher-than-expected initial jobless claims gave stocks an early boost, but they ran out of steam as the day wore on.

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(Image credit: Getty Images)

Stocks popped higher out of the gate Thursday after early morning data showed a bigger-than-expected jump in weekly jobless claims. But the gain was short-lived, with markets turning lower after a Federal Reserve official chimed in on rate hikes. Thursday's trading marked the second straight loss in a week that started out with a remarkable 765-point gain for the Dow.

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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.