Indices closed well into the red zone Thursday. Alcoa, DuPont and Caterpillar led the Dow’s sell off. Stocks dropped in the wake of varied economic news. The Labor Department said initial jobless claims fell by 9,000 to 423,000 last week. Meanwhile, the Conference Board’s leading indicators report showed 0.3% growth in August. The result exceeded expectations of a 0.1% increase. In other news, Hewlett-Packard announced that current CEO Leo Apotheker will be replaced by former eBay chief Meg Whitman.
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