Stocks Fall as Jobless Claims Rise; Rivian Sinks on Debt Plan

Dow Jones fell Thursday after jobless claims rose and Rivian stock plunged on debt offering news.

Jobless claims increased to 207,000 from 204,000 last week, above expectations. Jobs report on Friday looms.

Rivian stock dived 19% as company announced plans to offer $1.5 billion in convertible debt.

Major indexes dropped in morning trading, with Dow down 0.3% and Nasdaq 1% lower.

Tesla, Apple, Microsoft stocks mixed. Keep eye on Uber, Caterpillar, Duolingo, DraftKings among leading stocks.