US stocks inch lower despite upbeat data

Most of the US stock indices edged lower in early trading on Thursday, despite the release of positive jobs data.

The US Department of Labor revealed that the number of initial unemployment claims fell to the lowest level since the beginning of the coronavirus pandemic at 290K last week from 298K, and lower than forecasts of 296K.

Many major companies reported their quarterly business results for the third quarter, amid anticipation of Tesla and IBM's reports.

As for stocks, Dow Jones fell 0.1% or 51 points to 35,557 as of 13:53 GMT, and S&P 500 rose 0.1% or 1 point to 4,534, while Nasdaq rose 0.2% or 33 points to 15,155.