Good News for the Economy as Jobless Claims Fall Thursday, December 15, 12:08 PM ET
First-time filings for unemployment benefits fell to the lowest level since May 2008 in the week ending December 10.
Initial jobless claims decline by 19,000, to a seasonally adjusted 366,000, compared to economist expectations for an increase in claims.
The Labor Department also reported on the producer price index today.
Wholesale costs to manufacturers rose a seasonally adjusted 0.3% in November, a greater increase than was expected.
Food prices were largely to blame for the increases.
Excluding food and energy costs, the core producer price index rose 0.1%, less than economists expected.
Stocks appear poised for gains Thursday, and the SPDR S&P 500 (AMEX:
SPY) is trading up about .8%.
Gold is trading higher, leading the SPDR Gold Shares (AMEX:
GLD) to trade up .3%, and the iShares Gold Trust (AMEX: IAU) to trade up over .3%.
Crude oil, meanwhile, is trading higher, leading the DB Oil Fund (AMEX:
DBO) to trade up about .6%.
For MarketNewsVideo.com, I'm Sayoko Murase.
Monday Sector Laggards: Precious Metals, Water Utilities
Related symbols: AUY, ABX, SBS, CWCO
Monday Sector Leaders: Airlines, Apparel Stores
Related symbols: RJET, HUBG, ARO, DSW
Friday Sector Royalty Trusts, E&P Stocks
Related symbols: SDT, HGT, LINE, PGN
Monday's ETF with Unusual Volume: IEZ
Related symbols: IEZ, SLB, RIG, MDR, MTRX
Monday's ETF Movers: ITB, GDX
Related symbols: BECN, BLDR, AUY, ABX, GDX, ITB
EEM, JPNL: Big ETF Outflows
Related symbols: EEM, JPNL, BAP, SCCO, EWJ
Daily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Related symbols: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Daily Dividend Report: STT, HUM, PXD, BBEP, GME, ARP
Related symbols: STT, HUM, PXD, BBEP, GME, ARP
Daily Dividend Report: DE, DG, IRM, WR, DRH, TOWN, CTS
Related symbols: DE, DG, IRM, WR, DRH, TOWN, CTS
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Good News for the Economy as Jobless Claims Fall
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.