Dow drops at the open as Wall Street eyes jobs data
All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower on Thursday. Investors are awaiting the September jobs report, which will be released on Friday morning. It will give Wall Street fresh insight into the state of the economy and provide clues as to the Federal Reserve’s path for interest rates. One piece of data the market is processing is initial claims for the week ending September 28, which rose to 225,000. Oil prices (CL=F, BZ=F) are also weighing on the markets as Middle East tensions continue to drive prices higher.
Morning Brief Anchor Brad Smith and Yahoo Finance Markets and Data Editor Jared Blikre recap the action at the open.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Stephanie Mikulich.
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