End of the Day: S&P 500 down 8.2 to 1,964.68; Dow Jones down 70.5 to 16,915.07; Nasdaq down 22.8 to 4,396.20
* In the week ending July 5, the advance figure for seasonally adjusted initial claims was 304,000, a decrease of 11,000 from the previous week’s unrevised level of 315,000. The 4-week moving average was 311,500, a decrease of 3,500 from the previous week’s unrevised average of 315,000. The Street was looking for an initial claims reading of 315,000.
* Family Dollar Stores, Inc. (NYSE: FDO) reported Q3 EPS of