Dow slips 361 points, Nasdaq hits record as tech rally fights against virus fears | Markets Insider

Dow slips 361 points, Nasdaq hits record as tech rally fights against virus fears

, the Labor Department announced Thursday, down 99,000 from the week before. Economists surveyed by Bloomberg had expected a reading of 1.38 million.

While the metric has fallen for 14 consecutive weeks, its latest reading is still about double the 665,000 filings during the Great Recession's worst week. Continuing claims - those tracking Americans receiving unemployment benefits - declined to 18.1 million for the week that ended on June 27.in the week ended Sunday. The decline is the gauge's first in seven weeks and led by a drop in buying attitudes.

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