After spending the day unpacking a slew of economic data, Wall Street closed in the red, the Dow and Nasdaq each shedding triple digits. Jobless claims dropped from their seven-week highs to 239,000, while treasury yields rose to their highest mark since October, and the Philadelphia Fed fell to 12 for August. Some earnings are trickling in, including an upbeat spell from Cisco Systems (CSCO).

CRUDE POSTS NOTABLE RECOVERY

Oil prices enjoyed a jump this afternoon, higher on the heels of Chinese demand worries and Wednesday's losses. September-dated crude added $1.01, or 1.3%, to settle at $80.39 per barrel.

Gold extended yesterday's losses, marking its ninth-consecutive drop, and longest string of losses since 2017, as the U.S. dollar and bond yields rose. December-dated gold shed $13.10, or 0.7%, to settle at $1,915.20 an ounce.

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