At the same time, central bankers from around the world met for their annual retreat, prepared to address problems rising from a darkening economic outlook.
Wall Street initially rose after the Labor Department data, but the first-time claims for jobless benefits remained too high to signal a shift in the weak labor market. As well, the four-week average of new claims, regarded as better reflecting trends, rose to the highest since late November.
The Dow Jones industrial average <.DJI> fell 77.77 points, or 0.77 percent, to 9,982.29. The Standard & Poor's 500 Index <.SPX> shed 8.29 points, or 0.79 percent, to 1,047.04. The Nasdaq Composite Index <.IXIC> lost 22.40 points, or 1.05 percent, to 2,119.14.
NYMEX-NEW YORK, Aug 26 (Reuters) - U.S. crude oil futures prices rose for a second straight session on Thursday, supported by data showing initial jobless claims fell last week and by the dollar's weakness against the euro and a basket of currencies.
Resistance firmed when crude prices neared $74 a barrel as the market tried to extend Wednesday's gains, when crude futures had bounced off an 11-week low under $71and snapped a string of five straight lower settlements.
On the New York Mercantile Exchange, October crude
CBOT-CHICAGO, Aug 26 (Reuters) - Chicago Board of Trade grain and soy complex close on Thursday.
CBOT-SOYBEANS - September
CBOT-SOYOIL - September
FCPO-KUALA LUMPUR, Aug 26 (Reuters) - Malaysian crude palm oil futures rebounded on Thursday from one-month lows hit the previous day due to technical buying and firmer oils markets.
Crude oil rose for a second day in Asian hours as investors bought back into the market after it hit 11-week lows, but analysts said the fundamental outlook was still bearish with ample stocks to cover any rebound in demand.
The benchmark November crude palm oil contract
the usual 10,000 lots.
REGIONAL EQUITIES-COLOMBO, Aug 26 (Reuters) - Indonesia's main share index hit a fresh record high on Thursday, while cautious optimism over the strength of the region's export-driven economies bolstered other Southeast Asian markets.
Indonesia <.JKSE> closed up 0.2 percent at a record 3,145.14. Malaysia <.KLSE> rose 0.8 percent to its highest since Feb. 21, 2008, the Philippines <.PSI> jumped 1.2 percent, Thailand <.SETI> edged up 0.2 percent and Vietnam <.VNI> added 0.8 percent. Singapore closed flat.
In Kaula Lumpur, palm oil-to-property conglomerate Sime Darby
Malaysian lender CIMB Group Holdings