Thursday’ s session closed out in the red zone. American Express, IBM, McDonald’s, and JPMorgan Chase led the Dow’s descent. A surprise, early leak of Google’s quarterly earnings pressured trading. Meanwhile, the Labor Department said initial jobless claims increased by 46,000 to 388,000 last week. Quarterly details for Microsoft failed to impress. The software company reported a fiscal first-quarter profit of $4.47 billion, or 53 cents a share, on revenue of $16 billion, down from $5.74 billion, or 68 cents a share, on $17.37 billion in revenue, a year ago.
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