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| Currency | US Dollar |
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Futures rise as jobless claims fall
First-time claims for jobless benefits fell to their lowest level in 10 months, beating economists' expectations.
By Sung Moss, TheStreet.com
(Updated 8:55 a.m. ET) Stock futures gained on Thursday after weekly jobless claims fell to their lowest level in 10 months.
Futures for the S&P 500 were up 4.3 points to 1,051.3, and were 7.7 points above fair value. Futures for the Nasdaq rose 8.5 points to 1,695.d, and were 15.9 points above fair value.
First-time claims for jobless benefits fell by 20,000 to a seasonally adjusted 512,000, according to the Labor Department. Economists had expected 523,000 new claims.
This comes before the department’s much anticipated nonfarm payroll and employment data for October, scheduled to be released Friday. Retail sales figures will also be in focus today.
The major indices surged on Wednesday, with the Dow gaining more than 150 points at its peak after the Federal Open Market Committee signaled it would keep its key rate near zero. But stocks retreated in the last hour of trading and the major indices closed in mixed territory.
Stocks were down overseas after the Bank of England said it would keep its key interest rate at 0.5%. The FTSE in London was down by 0.6%, while the DAX in Frankfurt was lower by 0.5%. In Asia, Hong Kong’s Hang Seng lost 0.6% as Japan’s Nikkei fell 1.3%.
In this morning's earnings news, Toyota surprised investors with a second quarter profit, while Time Warner Cable reported net income at 76 cents a share, beating analysts’ estimates by 1 cent.
The tech sector may also be a focus following Cisco’s after hours earnings beat on Wednesday. The tech bellwether and Dow component reported adjusted earnings at 36 cents a share versus a consensus estimate at 31 cents.
Crude oil was down 45 cents to $79.95 a barrel. Gold was up $3.20 to $1,090.50 an ounce.
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700 Billion Americans, you better stop taking those drugs the last time I heard we were at about 300 million ......
Its easier to get unemployment if your illeagal alien! And
Hey dont the illeagals already get free health insurance???
And MSN news just posted yesterday that 700 billion Americans would rather live in another country. Why dont they just start taking ours back??????
Hey everyone go out and buy stock for AARP they will soon be controlling a big deal of the health insurance.
And isnt Obama so nice to have given all that money to Europe to build green cars for Fed ex, ups, and a few others!
And the unemployment claims are low because they cant get it anymore.
How much longer will Americans sit around and let the president and wall street call us stupid?????????
IMPEACHMENT PLEASE!!!!!!
when will our damn country wake up and help americans instead of helping every damn country in the world first and getting the expected kick in the ass from them that we always receive in payment for our help. we have to be the dumbest country in the world for not taking care of our own first
thank god i am well off and retired
first of all - is Disney corp out of their f'ing mind !!!!
2nd - we will never really know the true un employment in our country because once it runs out you are no longer counted and the chances of you getting another job is too slim to think about unless you are an extremely qualified person for the job and then you have to go through a head hunting firm like my daughter has just to get a damn interview. it is no longer going to apply for a good job anymore - it has to be found for you
Jobless claims under 500,000 mean that hiring is going on. If that occurs and remains so for a few weeks and months, we will be in job growth. Extending unemployment is ridiculous. Just put these people on the welfare roles. My neighbors son was whining because he got laid off. Now he collects unemployment and sits on his butt all day doing nothing. I know many others like this. Unfortunately, there is no real way to check to see if these people are even looking for jobs. UI is open to a lot of abuse.
I am so sick of these contructed numbers.
I am done
TO: chaocaicatc
GET THIS SCAM OF THE SITE. WE LIKE TO READ COMMENTS FROM LIKEMINDED FOLKS AND NO GARGABE OF WANNA BE"S LIKE YOU.
StockScouter data provided by Gradient Analytics, Inc.
Quotes supplied by Interactive Data.
MSN Money's editorial goal is to provide a forum for personal finance and investment ideas. Our articles, columns, message board posts and other features should not be construed as investment advice, nor does their appearance imply an endorsement by Microsoft of any specific security or trading strategy. An investor's best course of action must be based on individual circumstances.
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