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How major US stock indexes fared Thursday 1/5/2023
By THE ASSOCIATED PRESS
Thu,01/05/23-3:16PM , 227 Reads
Stocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy to fight inflation.

The S&P 500 fell 1.2% Thursday. The Dow Jones Industrial Average and the Nasdaq also fell.
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- A hiring sign is displayed at a grocery store in Arlington Heights, Ill., Tuesday, Dec. 27, 2022. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh, File)
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US jobless claim applications fall to lowest in 14 weeks
By MATT OTT - AP Business Writer
Thu,01/05/23-7:38AM , 364 Reads
WASHINGTON (AP) — The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation.
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- Stock prices are seen on board at the Tokyo Stock Exchange on Dec. 12, 2022, in Tokyo, Japan. Asian shares were mostly higher Friday, Jan. 6, 2023, after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates. (AP Photo/Shuji Kajiyama)
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Asian shares mostly rise in muted trading on bargain-hunting
By YURI KAGEYAMA - AP Business Writer
Thu,01/05/23-12:53AM , 230 Reads
TOKYO (AP) — Asian shares were mostly higher Friday after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates.

Markets rose in Japan, Australia, South Korea and China in muted trading. Oil prices gained $1 a barrel.
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- People queue up for gasoline in Idlib province, Syria, Sunday Dec. 15, 2022. Syria's economy has hit its lowest point since the country's civil war began nearly 12 years ago, with severe fuel shortages in both government and rebel-held areas, spiraling inflation and the Syrian currency hitting an all-time low on the black market. (AP Photo/Ghaith Alsayed)
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EXPLAINER: Why has Syria's economic crisis hit a new low?
By ABBY SEWELL - Associated Press
Thu,01/05/23-12:08AM , 499 Reads
BEIRUT (AP) — Syria’s economy has hit its lowest point since the start of its civil war nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages in both government-run and rebel-held areas.
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