Wall Street Seeks Direction as Traders Mull ECB Move

FOX Business: The Power to Prosper Stocks were off to a choppy start after a statement by the European Central Bank failed to inspire confidence that policymakers are taking swift enough action to tackle the region's widening debt crisis. Today's Markets As of 9:44 a.m. ET, the Dow Jones Industrial Average fell 4 points, or 0.07%, to 10,929, the S&P 500 slipped 0.12 point, or 0.01%, to 1,143 and the Nasdaq Composite dipped 0.98 point, or 0.02%, to 2,461. The Labor Department's weekly jobless claims report showed claims rose to 401,000 last week from 395,000 the week prior. Economists expected a larger rise to 410,000 for the week. This report comes ahead of the highly-awaited monthly employment report, which, economists anticipate, will show the unemployment rate sticking above 9%. A batch of relatively encouraging data released recently, however, has raised hopes that the jobs report could beat expectations. Continue reading the article.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Intraday UpdateFoxBusiness
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!