Wall Street pointed lower Thursday as investors found little room for optimism in a drop in weekly unemployment claims.
Stock futures slumped as traders worried that the economy might not recover as quickly as had been hoped when the market began rocketing off of 12-year lows in early March. On Wednesday, stocks posted moderate losses after the Federal Reserve said that the nation's economy was likely to shrink by more than expected this year.
The number of newly laid-off workers seeking unemployment benefits fell last week but only after jumping a week earlier because of auto layoffs.
The Labor Department said initial claims for jobless benefits …
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