U.S. stocks gave up more than 2 percent on Thursday after data showed new applications for jobless insurance rose unexpectedly last week, and basic materials shares sank as a rising U.S. dollar hit commodity prices.

* The Dow Jones industrial average <.DJI> dropped 190.45 points, or 1.85 percent, to 10,080.10. The Standard & Poor's 500 Index <.SPX> lost 23.25 points, or 2.12 percent, to 1,074.03. The Nasdaq Composite Index <.IXIC> gave up 44.19 points, or 2.02 percent, at 2,146.72.

* The greenback rose against a basket of currencies <.DXY>, as the euro slid to a seven-month low against the dollar on worries over sovereign debt in Greece, Portugal and Spain.

(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)