Market Features
First-Time Jobless Claims Drop by 52,000
Last week, the Labor Department reported that the unemployment rate grew to 9.5% after employers slashed 467,000 jobs in June. Many are anticipating the rate to top 10% soon.
Just this morning, Monster Worldwide(MWW) said it would cut 160 mostly domestic jobs. On Monday, Comair, a regional airline unit of parent Delta Air Lines(DAL) said in a memo that furloughs are coming after Delta announced plans to slash certain flights. Even Alcoa's(AA) results yesterday came after it announced plans to cut 13,500 jobs earlier in the year.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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