4/7, 3:31 PM (Source: TeleTrader)
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US markets tumble amid unemployment data, Ukraine

Major US markets opened lower on Thursday after a volatile premarket session amid growing concerns over the Ukraine crisis, the recently approved embargo on imports of Russian energy products by the EU, and the new unemployment data unveiled by the US.

Earlier, the Department of Labor stated that the initial jobless claims in the United States went down by 5,000 to 166,000 in the week ending April 1, its lowest level since November 1968. Meanwhile, markets are still digesting the news released a day before by the US Federal Reserve on the need to reduce its balance sheet by $95 billion.

The Dow Jones lost 0.33%, or 113 points at 9:01 am ET, with Verizon Communications Inc sinking 1.82%. The Nasdaq 100 fell 0.11%, while decreased by 2.74% a minute later. The S&P 500 declined 0.16%, as AvalonBay Communities Inc dropped by 3.46%. The euro improved by 0.29% against the dollar at 8:58 am ET, selling for $1.09267.

Baha Breaking News (BBN) / JG