Dow Jones Shrugs Off Optimistic Jobs Data

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The Dow Jones (DJIA) is set to open Thursday in negative territory despite encouraging jobs data from outplacement firm Challenger, Gray & Christmas.

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U.S. employers announced 48,307 job cuts in February, down 55% from 108,435 in the prior month and 72% year-over-year. Employers have announced 156,742 job cuts year-to-date, the lowest for the two-month period since 2022.

This is a developing story. Stay tuned for additional updates.

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