NEW YORK (AP) — Commodities dropped across the board for a second consecutive day on deepening concerns about economic weakness in the United States and Europe.
Oil, gasoline, silver and palladium each fell more than 5 percent as Thursday's session came to a close. Even gold wasn't immune, dropping $7.30 to settle at $1,659 an ounce.
The Labor Department said Thursday that first-time claims for unemployment benefits fell 1,000 last week to 400,000. That's still higher than the 375,000 level economists say signals healthy job growth.
Manufacturing, which has been a key driver of U.S. growth since the recession ended in 2009, remains weak. Consumers are also cutting back …
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