Stock Market Today: Stocks Dip Amid Rising Geopolitical Risks

NEW YORK (TheStreet) -- U.S. stock indices were trading little changed Thursday as a sense of spiking geopolitical risk and an uncertain economic climate contributed to a lack of conviction.
 
U.S. initial jobless claims increased by 11,000 to 315,000 in the week ended Sept. 6, the Labor Department reported on Thursday.

The Dow Jones Industrial Average was down 0.17% to 17,039.46 in early afternoon trading. The S&P 500  ticked 0.17% lower to 1,992.27. The Nasdaq dipped 0.31% to 4,572.39.

Watch the video below for a closer look at how U.S. markets are doing in midday trading Thursday:


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U.S. stock indices picked up some momentum in the final hour of trading to finish positive Wednesday, bolstered by the information technology sector. But stocks had fluctuated for much of the day on uncertainties surrounding the approaching Sept. 18 Scottish independence referendum and the possibility of a global shift in interest rates.

Geopolitical jitters rose Thursday as investors worried about rising conflict in the Middle East. President Obama outlined in a televised address Wednesday evening his plan to destroy militants from the group Islamic State. The president also said he's authorizing U.S. airstrikes inside Syria for the first time, along with expanded strikes in Iraq, as part of the campaign to intensify the battle against the Islamic State extremists.

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