Mixed Moves

Indices closed out mixed on Thursday. The Dow and S&P 500 shed some points. The Nasdaq ended in green territory. Alcoa, AT&T, Verizon, and General Electric led the Dow’s descent. Meanwhile, the Department of Labor said initial jobless claims fell to a four-year low level last week. Declining by 6,000 to 357,000, the prior week’s claims were revised up from 359,000 to 363,000. On another note, crude oil futures tacked on $1.84 to settle at $103.31 a barrel. Looking ahead, March employment numbers will be released tomorrow morning.

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