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Wall St opens lower after economic data; Accenture slips post results

Dow Jones Industrial Average was down 35.11 points


US stocks opened slightly lower on Thursday after data showed Hurricanes Harvey and Irma continued to hurt the labour market and could slow the pace of economic growth in the third quarter. However, the Commerce Department report also showed that the economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years. The Labor Department said initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 272,000 for the week ended Sept. 23. Economists polled by Reuters had forecast claims rising ...

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First Published: Thu, September 28 2017. 20:17 IST