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Wall Street opens lower as oil prices slip

Jobless claims unexpectedly rose last week, but the underlying trend continued to point to a strengthening labor market

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Wall Street

Reuters 

Wall Street opened lower on Thursday as oil prices eased and investors awaited a raft of economic data to further assess the health of the economy. Both Brent and U.S. crude fell about 1.2% as a surge in U.S. inventories and a lack of new measures from the world's largest producers to curb supply dampened sentiment.  While concerns linger over the state of the global economy, upbeat data from major economies this week and signs of a rebound in commodity prices have helped ease some of those worries. Jobless claims unexpectedly rose last week, but the underlying trend ...

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First Published: Thu, March 03 2016. 21:02 IST
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