Thursday’s session ended in red territory. Financial, energy and technology shares led the decline. Stocks slipped amid skepticism over the European Central Bank‘s intention to join forces with governments to purchase bonds in sufficient quantities to alleviate the region’s debt crisis. In other news, factory orders dipped in June. Orders for manufactured goods decreased 0.5%, which was shy of expectations. Elsewhere, the Labor Department said initial jobless claims climbed 8,000 to 365,000 last week. The prior week’s numbers were revised from 353,000 to 357,000.
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