Dow Drops 53 on Weak Jobs Data

Stocks dropped sharply after the Labor Department reported an unexpected uptick in weekly jobless claims, but a recovery in commodities-related stocks helped the broader market trim its losses, Wall Street Journal reports.

• The Dow closed down 53 points at 10,321.
• The Nasdaq lost 2 points, settling at 2,234.
• The S&P 500 also dropped 2 points to close at 1,103.