Initial claims for unemployment insurance dropped by 33,000 in the week of September 13 to 231,000, from 264,000 in the week ended September 6, revised from 263,000.

So far this year, plenty of household names opted to split themselves apart: industrial giant Honeywell ($HON) is dividing into three, while Warner Bros. Discovery ($WBD) said in June it would separate its TV networks from streaming and studios. Keurig Dr Pepper ($KDP) plans to separate its soda and coffee businesses after completing its $18 billion acquisition of JDE Peet's. And Kraft Heinz ($KHC) will spin off its grocery arm, shedding Kraft-branded staples like boxed mac and cheese and frozen meals.