Global stocks fell and government debtprices rose on Thursday after a Spanish debt auction failed to allay fears that Spain could be the next European country in need of a bailout and as U.S. economic data cast doubt on the strength of the recovery.
The number of Americans claiming unemployment benefits for the first time fell less than expected last week, suggesting a slowdown in job creation. Other data showed factory activity in the Mid-Atlantic region slowed sharply this month and U.S. home resales fell for a second month in March.
Analysts said part of the data's weakness was payback after an abnormally warm U.S. winter. But few doubted the economy was losing some steam, leaving the door open for further monetary stimulus from the Federal Reserve, a bullish sign for bonds.
Dow Jones Industrial Average (^DJI)
-DJI
12,964.10 
68.65(0.53%)
68.65(0.53%)Dow Jones Industrial Average (^DJI)
-DJI| Prev Close: | 13,032.75 |
|---|---|
| Open: | 13,028.73 |
| Day's Range: | 12,896.82 - 13,080.20 |
|---|---|
| 52wk Range: | 10,362.30 - 13,331.80 |
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