NEW YORK (AP) — Stocks remained in a holding pattern Thursday. Major indexes edged lower after a report that showed the jobs market is maintaining a slow, but steady, recovery failed to inspire investors.
The Dow Jones industrial average fell 35 points to 13,951 as of 9:53 a.m. The Standard and Poor's 500 fell one point to 1,511 and the Nasdaq composite dropped three points to 3,166.
Fewer Americans sought unemployment benefits last week, a sign that layoffs are easing. Applications for unemployment benefits fell 5,000 to 366,000. Worker productivity also shrank in the final three months of 2012, although the decline was caused by temporary factors.
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