Stocks fell Thursday as investors grew increasingly concerned the U.S. Federal Reserve will keep raising rates despite signs of slowing inflation.
The Dow Jones Industrials let go of another 190.29 points to 33,106.67.
The S&P 500 lost 27.27 points to 3,901.59
The NASDAQ Composite Index subtracted 102.56 points to 10,854.46.
Elsewhere, investors are watching key quarterly reports to see if there is an earnings recession brewing. Netflix will report earnings after the bell.
Initial filings for unemployment insurance fell to their lowest level since late June last week, the U.S. Labor Department reported Thursday, signaling to investors that the labor market is resilient amid a slowing economy.
Claims totaled a seasonally adjusted 190,000 for the week ending Jan. 14, a decline of 15,000 the previous period. Economists surveyed by Dow Jones had been looking for 215,000.
Investors have been parsing through the latest data and Fed remarks for clues on how high rates will go. But, while recent numbers point to easing inflation, JPMorgan Chase CEO Jamie Dimon thinks rates will top 5%.
Prices for the 10-year Treasury were lower, raising yields to 3.40% from Wednesday's 3.37%. Treasury prices and yields move in opposite directions.
Oil prices regained 71 cents to $80.19 U.S. a barrel.
Gold prices gained $13.90 to $1,920.90 U.S. an ounce.