US stocks fall after big Wednesday gains as investors digest new economic data and hope for Santa Claus rally

Dec 22 2022 by Business Insider

 
US stocks have rallied sharply since June.

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US stocks opened lower Thursday after rallying for three consecutive sessions.  Weekly jobless claims rose less than expected, signaling the labor market may still be tight. That could add pressure on the Federal Reserve to keep lifting benchmark rates. 

US stocks opened lower on Thursday, breaking a streak of three consecutive gains earlier in the week and giving up some of the prior day's big surge. 

Unemployment filings...

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