Stocks Still Stuck in the Red
NEW YORK (TheStreet) -- The major U.S. equity averages finished in the red again on Thursday as a halfhearted rally late in the session fell short.
A better than expected initial jobless claims report was viewed with skepticism as investors couldn't shake a malaise fueled by fading hopes for additional stimulus from the world's central banks and a weak start to second-quarter reporting season.
The Dow Jones Industrial Average fell 31 points, or 0.25%, to close at 12,573. The blue-chip index, which ranged from 12,492 to 12,630 on the day, has now fallen in six straight sessions.
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