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Empresas y finanzas

Market turns lower on telecoms, biotechs


    NEW YORK (Reuters) - U.S. stocks erased their initial advance and turned lower on Thursday as declines in telecoms and biotech stocks offset optimism from a sharp fall in the number of workers filing new claims for jobless benefits.

    * The Dow Jones industrial average slid 7.03 points, or 0.08 percent, to 9,273.94. The Standard & Poor's 500 Index dropped 2.69 points, or 0.27 percent, to 1,000.03. The Nasdaq Composite Index dipped 10.51 points, or 0.53 percent, to 1,982.54.

    (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)