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Dow suffers worst monthly loss in 2 years

The blue chips and S&P 500 rally from early losses but end down slightly on European worries. US jobless claims rise, and worries build about Friday's jobs report. Oil falls below $87. Facebook rallies after falling under $27.



the euro (EURUSD) was lower against the U.S. dollar for much of the day. But, thanks to the IMF report, the currency was at $1.23686, down slightly from Wednesday's $1.23716. Today's low was $1.23442.

Interest rates were lower, with the 10-year Treasury yield falling to 1.581% from Wednesday's 1.625%. That's the lowest yield in at least 60 years.


First-time applications for unemployment insurance payments increased by 10,000 to 383,000 in the week ended May 26 from a revised 373,000 the prior week, the Labor Department reported. They exceeded the median estimate of 370,000.





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