While you were sleeping: Wall St eyes US jobs

Thu, 05 May 2016

By Margreet Dietz May 6 (BusinessDesk) - Wall Street was mixed as a report showing that more Americans than expected filed for jobless benefits ahead of the government’s monthly jobs data offset gains in the price of oil. Wall Street seesawed. In 2.45pm New York trading, the Dow Jones Industrial Average edged 0.01 percent lower, while the Nasdaq Composite Index inched 0.03 percent lower. In 2.30pm trading, the Standard & Poor’s 500 Index slipped 0.08 percent. A Labor Department report showed that initial claims for state unemployment...

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