Global growth concerns kept the markets under pressure, despite some encouraging news for the job market.
The Labor Department is reporting that weekly jobless claims fell to a four-year low, decreasing by 5000 last week to a seasonally adjusted 348,000.
That number was better than expectations of economists surveyed by Reuters.
On the earnings front, strong holiday shipping helped FedEx (NYSE:FDX) beat earnings estimates for its third quarter, although the company is forecasting slower growth this year in the U.S. and abroad.
Dollar General (NYSE:DG) posted a 32 percent increase in fourth quarter profit as the retailers saw more shoppers looking for discounts.
The company also forecast revenue for fiscal 2012 which beat expectations, sending shares higher today.
Discover Financial (NYSE:DFS) posted better than expected earnings and also renewed their forecast of 10 to 15 percent annual growth in earnings per share.
Tomorrow, we'll take a look at the numbers for new home sales as well as earnings from Darden Restaurants (NYSE:DRI).
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