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Keyword: dowdepression
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Stocks fall sharply on weaker-than-expected claims and retail data
U.S. stocks fell sharply on Thursday after economic reports had more Americans than projected filing for jobless claims last week and retail sales unexpectedly falling in January. The Labor Department reported applications for unemployment benefits climbed by 8,000 to 339,000, higher than the 300,000 projected by economists. Separately, the Commerce Department reported retail sales fell 0.4 percent last month from December, versus expectations they would be flat.
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