Dow posts second 1,000-point drop this week as lower jobless claims renew rate-hike worries

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The major U.S. indexes slid Thursday, with the blue-chip Dow Jones Industrial Average dropping more than 1,000 points for the second time this week, as an unexpected decline in jobless claims renewed concerns that labor-market strength would push up interest rates.

The Dow closed 1,032 points, or 4.2 percent lower in New York, while the broader S&P 500 dropped 3.8 percent and the tech-heavy Nasdaq slid 3.9 percent.

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