Dow Jones, Nasdaq Fall As Unemployment Claims Rise; These Blue Chips Receive Analysts Upgrades - Investor's Business Daily

The Dow Jones Industrial Average fell in today's stock market and led the downside.

The Nasdaq also traded lower as weekly initial jobless claims jumped and August retail sales unexpectedly rose.

Ahead of the market open, the Labor Department reported initial unemployment claims rose to 332,000 last week from a pandemic low of 312,000 a week earlier, worse than the Econoday consensus estimate for 315,000 claims.

retail sales rose 0.7% in August, countering estimates for a 0.8% decline per Econoday's estimates.

The retail sales jump reverses July's 1.8% slip and countering expectations for a decline of 0.8%.

Fitness drink maker Celsius became further extended from a recent buy area.

The stock is now 16% extended from the buy point.

11 and remain nearly 80% extended from the buy point of 35.73.

The stock rose nearly 1% after Bank of America upgraded the stock to neutral.

The stock is also building a flat base with 179.77 buy point.

Track Daily Stock Market Action With The Big Picture.

Retail sales unexpectedly rose in August.

Meanwhile, Amazon stock has a new buy point

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