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Jobless Claims Rise in Pre-Holiday Week
Thursday, December 29, 11:51 AM ET

First-time filings for unemployment benefits rose in the week ending December 24.

The Labor Department said initial jobless claims rose by 15,000, to 381,000, after several weeks of declines in claims.

Nevertheless, the four-week moving average of jobless claims fell by nearly 6,000, to 375,000, still a multi-year low.

The dollar index was up for the day following the data, as the euro falls.

The U.S. Dollar Bullish Fund (NYSE:UUP) is trading up over .1%, while the Euro Trust (NYSE:FXE) trades down about .2%, and the Japanese Yen Trust (NYSE:FXY) trades up .1%.

Gold is trading lower, leading the iShares Gold Trust (NYSE:IAU) to trade down over 1.4%, and the SPDR Gold Shares (NYSE:GLD) to trade down over 1.4% as well.

The Gold Miners ETF (NYSE:GDX) is trading down over .5% Thursday, with top holdings Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG), which are both trading lower Thursday.

Overall, U.S. stocks are trending higher today, and the SPDR S&P 500 (NYSE:SPY) is trading up around .4%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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