Economic news

U.S. stocks kick off downbeat start to February

U.S. stocks dipped in early trading on Thursday, dragged down by disappointing earnings and after the Federal Reserve raised its inflation forecast.

The Dow Jones Industrial Average slipped 0.37 percent, to 26,053.35. The S&P 500 sank 0.18 percent, to 2,818.52. The Nasdaq Composite lost 0.32 percent, to 7,387.94.

The number of Americans filing for unemployment benefits fell 1,000 to a seasonally adjusted 230,000 for the week ended Jan. 27, the Labor Department reported.

The shares of eBay Inc. rose 13,4%. The company reported its net profit increased by 3% to $618 million in the fourth quarter, revenue rose by 9%, to $2.6 billion. Facebook Inc. advanced 2%.

Fiat Chrysler lost 1.2% after U.S. care sales slipped for 17 consecutive months.

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