Wall St drops on sharp rise in virus cases, elevated jobless claims

U.S. stocks slipped on Thursday following Wall Street’s worst day in two weeks, as investors were unnerved by an alarming rise in new coronavirus cases and an elevated level of weekly jobless claims number. Data showed about 1.48 million Americans signed up for unemployment benefits in the last week. The figure came in only slightly below the 1.5 million in the prior week as weak demand forced U.S. employers to...