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4/22, 3:30 PM (Source: TeleTrader)
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Wall Street opens slightly lower after jobless claims

Stocks traded slightly lower at the start of the session on Thursday despite declining jobless claims as revealed by the Labor Department's latest report. The new figures showed jobless claims hit a 13-month low last week amid the relaxing of coronavirus restrictions around the country.

In other news, investors digested a slew of corporate earnings, including results from AT&T, American Airlines, Blackstone, Dow and Biogen. Meanwhile, Intel and Snap were set to report their respective quarterly results after the closing bell.

The Dow Jones was down 0.08% at the opening bell. The worst performer on the blue-chip index was Dow. The S&P 500 declined 0.13% as mining company Freeport-McMoRan sank nearly 3%. The Nasdaq 100 fell 0.10% as Biogen led the losses. The company reported a quarterly profit loss earlier as its multiple sclerosis drug Tecfidera faces intense generic competition.

Breaking the News / JC