Market Update

US stock prices dipped on Thursday morning as data showing slowing growth in China and Europe and weak US jobless claim figures underscored the headwinds facing the global economy. The Dow Jones Industrial average dropped 28.34 points or 0.21% to 13,549.62. The Standard & Poor's Index lost 4.99 points or 0.34 percent to reach 1,456.06. The Nasdaq Composite Index declined 15.36 Points or 0.48% to 3,167.26. Technology stocks were in the red with shares of Apple Inc (AAPL) declining by 0.60%, Cisco Systems Inc (CSCO) by 0.77%, and Dell Inc falling by 0.71%. The shares of Adobe Systems (ADBE) increased by 1.3% to $33.56 due to mixed reactions to the company's earnings report declared late Wednesday evening.