This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

US Futures Rise Head Of Jobless Claims Report

NEW YORK (AP) â¿¿ Early gains for U.S. stock market futures were shaved Thursday after the Labor Department reported an unexpected increase in weekly unemployment applications.

The number of Americans seeking unemployment aid rose to the highest level since late November last week, although the increase partly reflects seasonal distortions around the spring holidays.

Dow Jones industrial average futures added 2 points to 14,489. Nasdaq 100 futures gave up 1.5 points to 2,785.50. Standard & Poor's 500 futures added 1 point to 1,549.50.

Futures trading is not always an accurate indicator of action after the regular session opens, The major indexes fell sharply Wednesday following weak reports on hiring and service industries, with the S&P 500 dropping 1.1 percent.

The weekly unemployment application data is often volatile, and a Labor Department spokesman said it can be difficult to seasonally adjust the figures during the Easter holiday, because the timing of the holiday varies from year to year.

Still, the department has reported three straight weeks of increases, which suggests that companies may be cutting jobs.

The government will issue the March employment report Friday.

World markets were mixed following a series of economic moves.

Japan launched an aggressive monetary stimulus plan earlier Thursday. The Bank of Japan said its policy overhaul is intended to double the money supply and achieve a 2 percent inflation target in about two years. It joins the U.S. Federal Reserve and other major central banks in flooding money into the economy in hopes of getting corporations and consumers to begin spending more, ultimately driving growth.

Japanese stocks rallied with the announcement. The Nikkei ended 2.2 percent higher.

Elsewhere in Asia, South Korea's Kospi dropped 1.2 percent as bellicose rhetoric between North Korea and the U.S. rattled the local market.

Meanwhile, the European Central Bank left its key interest rate unchanged at a record low of 0.75 percent. However, it held off on further stimulus for the euro area's weak economy. The central bank for the 17 European Union countries that use the euro currency expects a gradual recovery in the eurozone's economy later this year.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,758.14 -20.01 -0.11%
S&P 500 2,064.14 +2.91 0.14%
NASDAQ 4,753.9780 +5.5820 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs