U.S. equity markets are poised to snap a four-day winning streak after first-time jobless claims surged to 42 million over the past nine weeks.

U.S. equity markets are poised to snap a four-day winning streak as job losses continued for a ninth straight week. The Dow Jones Industrial Average tumbled 93 points, or 0.36 percent, while the S&P 500 and the Nasdaq Composite dropped 0.42 percent and 0.30 percent, respectively.

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