NEW YORK, Dec. 17 (UPI) -- U.S. stock markets headed lower Thursday after the Labor Department said jobless claims rose by 7,000 in the latest week.
Citibank shares dropped 3.09 percent after Wednesday's stock sale raised $20.5 billion, but diluted stock value. Bank of America shares rose 0.59 percent. Wells Fargo & Co., which raised $12.3 billion Tuesday fared better, its share value up 0.7 percent.
In midmorning trading, the Dow Jones industrial average lost 60.61 points, 0.58 percent, to 10,380.51. The Standard & Poor's 500 lost 0.61 percent, 6.73 points, to 1,102.45. The Nasdaq composite index fell 0.54 percent, 11.84 points, to 2,195.07.
The benchmark 10-year U.S. Treasury bill rose 20/32 to yield 3.525 percent.
The euro fell to $1.437 from Wednesday's $1.4534. Against the yen, the dollar rose to 90.00 yen from Wednesday's 89.79 yen.
In Japan, the Nikkei 225 index lost 0.13 percent, 13.61 points, to 10,163.80.
