Wall Street stocks pull back as US economy shows signs of stalling

New York (AFP) – European stocks gave up most of their early gains Thursday and Wall Street equities fell after US initial jobless claims pointed to renewed lockdowns taking a heavy toll on the stuttering economy.The US Department of Labor reported that 1.4 million people applied for jobless benefits last week, the first week-over-week increase in claims since the early days of the COVID-19 crisis this spring.”The recovery appears to be stalling as jobless claims rose for the first time since March and as continuing claims remain elevated,” said Edward Moya at OANDA, calling the data from the …

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