The Dow Jones industrial average <.DJI> dropped 38.84 points, or 0.36 percent, to 10,858.07. The Standard & Poor's 500 Index <.SPX> fell 2.64 points, or 0.23 percent, to 1,169.03. The Nasdaq Composite Index <.IXIC> lost 8.79 points, or 0.36 percent, to 2,416.23.
The number of U.S. workers filing for jobless benefits fell only slightly last week, highlighting the challenges facing the labor market.
(Editing by Jeffrey Benkoe)