Posts Tagged ‘Jobless Claims’

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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Bears Win Third Straight Session

9:00am (EST) The bulls made a nice comeback on Thursday after the bears pushed a 1% decline but it wasn’t enough as the most of the major indexes finished lower.  Much of the action can be blamed on weaker-than-expected economic news which had been coming in above expectations over theRead more

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Jobless Claims Lift Futures

9:00am (EST) Although it’s not a done deal, the compromise backed by the President and Republican leaders on extending tax cuts led to choppy trading on Wednesday as bonds got crushed and the dollar gained strength.  The bulls are arguing that a tax-relief package will stimulate economic growth in 2011 while the bears areRead more

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Jobless Claims Fall, Futures Up

9:00am (EST) The bears looked poised to extend the Dow’s losing streak to five straight sessions but you knew the bulls had a little fight left in them.  Like a drunk at last call, the bulls refused to go quietly and ended up having one on the house as theRead more

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U.S. Stocks Retreat

2:14pm (EST) The Dow is down 183 points right now due to the Federal Reserve Bank of Philadelphia dropping into negative territory for the first time in a year. An increase in jobless claims also contributed to today’s decline. We’ll be back around 3 pm EST today for a full write-up.Read more

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Futures Turn Negative After Jobless Claims/ POT Trade

9:15am (EST) The futures had been up this morning but have lost steam after a worse-than-expected weekly jobs report. The number of US workers filing new claims for jobless benefits rose 15,000 last week to 576,000. Wall Street had forecast new claims of 550,000 from the previously reported 558,000. AsRead more

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Market Drops Nearly 350 Points

It was a rough day for the market as all three indexes posted huge losses after a flurry of bad economic news. The retail report was lousy although Wal-Mart (WMT, $59.78, down $0.01) held its own. The stock hit a high of $60.89 and was challenging its 52-week high ofRead more

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Economic News

It’s likely to be another volatile week on Wall Street as a number of key economic reports will certainly have an impact on the market. Although the economy is chugging along, in order for the market to break through key resistance levels, the housing market will need to improve beforeRead more

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