Stock Market Today: Foiled Again! Sizable Snap-Back Fizzles Late
Stocks suffered another failure to launch on Thursday as a brisk morning run in the major indexes crumbled in the afternoon, resulting in another disappointing finish in the red, and a deeper turn into correction territory for the Nasdaq Composite.
Initial claims for unemployment benefits were in focus today. Filings for the week ended Jan. 15 climbed by 55,000, to 286,000 – the highest level since late October.
"Thursday's rise in weekly
