The markets fell into negative territory today as concerns over the European economy weighed on the minds of investors.
The latest data from the Labor Department shows fewer Americans filed for initial unemployment benefits, with weekly jobless claims down 5,000 to a seasonally adjusted 366,000. That was better than economists' expectations for a reading of 368,000.
Also according to the Labor Department, there was a 2 percent drop in productivity in the fourth quarter, while economists were expecting a 1.3 percent decline.
Credit Suisse (NYSE:CS) posted fourth quarter earnings that fell short of expectations. The bank also upped its target for cost reductions. Shares of the company are trading higher today, despite the earnings miss.
Devry handily beat profit and sales expectations, prompting an upgrade from JP Morgan(NYSE:JPM).
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