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US stocks lower early on as weekly jobless claims continue to decline

US stocks lower early on as weekly jobless claims continue to decline

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9.55am: Dull start to Thursday US stocks were weak in early trading on Thursday, having hit record highs in the previous session, as jobless claims declined for a third straight week, showing the labor market continues to recover and heightening expectations that the Federal Reserve will undertake a tapering sooner rather than later. After 25 minutes of trading, the Dow Jones Industrial Average was down 91 points, or 0.3% at 35,393, while the broader S&P 500 fell 0.2%.and the tech-laden Nasdaq Composite shed 0.3%.

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