Brands traded lower Thursday. Travelers, 3M, Caterpillar and Cisco led Dow decliners. Apple took a slight breather today in the wake of news that Steve Jobs has stepped down from his position as CEO. On another note, crude oil tacked on 14 cents to settle at $85.30 a barrel. Elsewhere, the Labor Department said initial jobless claims increased by 5,000 to 417,000 last week. Looking ahead, the University of Michigan will release monthly consumer sentiment data tomorrow.
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