Thursday, August 5, 2010

Weekly Jobless Claims Rise Ahead Of Employment Report

Weekly initial jobless claims increased 19,000 to 479,000, versus last week's figure which was upwardly revised by 3,000 to 460,000, and compared to the consensus estimate of economists surveyed by Bloomberg, which called for claims to decrease to 455,000. Details from Bloomberg...

The Dow Jones Industrial Average lost 5 points (0.1%) to close at 10,675, the S&P 500 Index edged 1 point (0.1%) lower to finish at 1,126, and the Nasdaq Composite shed 11 points (0.5%) to 2,293. Crude oil fell $0.46 to $82.01 per barrel, and the Bloomberg gold spot price gained $1.10 to $1,196.05 per ounce.

Magnificent Seven Update


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