U.S. markets lower Thursday

NEW YORK, July 24 (UPI) -- Major U.S. stock indexes edged lower Thursday on losses at Ford Motor Co. (NYSE:F) and a jump in first-time unemployment claims.

Ford's second-quarter report showed losses of $8.67 billion, The Wall Street Journal reported. On the labor front, 34,000 additional unemployment claims were filed on the week, the U.S. Labor Department said.

In late-morning trading, the Dow Jones industrial average was off 125.63 points to 11,506.75, down 1.08 percent. The Nasdaq composite index was at 2,303.27, down 22.61 points or 0.97 percent. The Standard and Poor's 500 fell 14.24 points, or 1.11 percent, to 1,267.95.

The 10-year U.S. Treasury note rose 5/32 to yield 4.099 percent.