Posts Tagged ‘initial claims’

Market Mixed Ahead of Friday’s Big Event

12:30pm (EST) There was a flood of economic data and European news before the bell which led to a lower open but the market is mixed heading into the second half of trading as the bulls continue to push resistance. Much of the news has favored the bears but theRead more

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Bears Driving for Five

1:00pm (EST) All signs were pointing towards a higher open for Wall Street and the bulls this morning but disappointing economic data ruined the mood as the bears continue to put pressure on the major indexes. Initial Claims were unchanged at 370,000 after a revised 2,000 increase to 370,000 theRead more

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Tug-of-War Continues

12:30pm (EST) More rhetoric from Europe has pushed the indexes below support once again but the bulls are battling back as they try to hold down the fort.  With economic news light and earnings winding down, the market has become more volatile inside its recent trading range.  The bulls haveRead more

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Market Moves Higher

12:30pm  The bulls are pushing the market higher today despite a slightly disappointing jobless claims numbers as a better-than-expected housing report helped offset the news. Initial Claims came in 388,000 which represent a drop of 1,000 claims from a revised 389,000 the week before.  Continuing Claims declined fell 3,000 toRead more

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