US: S&P 500 dips at open as labour market rebound falters

[NEW YORK] The S&P 500 and Dow indexes dipped at the open on Thursday as weekly jobless claims fell below 1 million last week, but that was likely due to the expiration of a US$600 weekly jobless supplement that discouraged some from filing claims.

The Dow Jones Industrial Average fell 54.33 points, or 0.19 per cent, at the open to 27,922.51 and the S&P 500 opened lower by 7.40 points, or 0.22 per cent, at 3,372.95.

The Nasdaq Composite gained 14.62 points, or 0.13 per cent, to 11,026.86 at the opening bell.

REUTERS