Summary Box: Stocks dip after another Japan quake

AP News
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Posted: Apr 07, 2011 4:48 PM
Summary Box: Stocks dip after another Japan quake

JAPAN QUAKE: Stocks are ending the day with small losses after a 7.4-magnitude earthquake struck Japan. The Dow Jones industrial average fell as many as 96 points in morning trading, but recovered most of its losses after a tsunami warning was lifted.

JOB NEWS: The Commerce Department said fewer people applied for new unemployment benefits, the third drop in four weeks. The decline suggests layoffs are slowing.

THE INDEXES: The Dow fell 17 points, or 0.1 percent, to 12,409. The Standard & Poor's 500 fell 2, or 0.2 percent, to 1,334. The Nasdaq composite fell 4, or 0.1 percent, to 2,796.