This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Futures Dip on Jobless Claims, China Deficit

NEW YORK ( TheStreet) -- Stock futures pointed to a weaker open Thursday as investors absorbed a larger-than-expected increase in initial jobless claims, a surprise trade deficit in China and a downgrade to Spain's credit rating.

Futures for the Dow Jones Industrial Average were down by 36 points, or 69 points below fair value, at 12,138. Futures for the S&P 500 were lower by 6 points, or 10 points below fair value, at 1310, and Nasdaq futures were off by 10 points, or 22 points below fair value.

Stocks finished flat Wednesday as tensions in Libya continued to weigh on investor sentiment.

Initial jobless claims gained 26,000 to 397,000, from 371,000 in the week ended March 5. The rise was larger than the increase of 14,000 to 382,000 that economists had expected, according to

China reported an unexpected trade deficit in February as higher commodity prices impacted its import bill.

Moody's lowered Spain's credit rating by one notch to Aa2 on concerns regarding the cost of the banking sector's restructuring and the government's ability to lower borrowing.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HRB $33.16 0.00%
SBUX $54.92 0.00%
GMCR $89.86 0.00%
SMTC $15.95 0.00%
GOOG $683.11 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs