By Geoffrey Smith
Investing.com – US stock markets opened mixed on Thursday, losing some momentum in futures markets, after an increase in initial jobless claims added to fears that the further spread of the Covid-19 virus could disrupt economic recovery.
At 9:45 a.m. ET (1:45 p.m. GMT), it was down 6 points, virtually flat, to 34,792 points. The and the were both slightly higher, after another round of generally strong earnings updates.
Earlier, the Labor Department said initial jobless claims rose to 419,000 last week, their highest level in two months.
The semiconductor industry has also been cautious, after Texas Instruments (NASDAQ 🙂 on Wednesday evening released clearly cautious guidance for the current quarter. Texas stock fell 5.0% early in the session. Intel (NASDAQ :), the largest chipmaker in the United States, reports profits after the closing bell.
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