This Day On The Street
Continue to site
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

S&P Points Higher as Jobless Claims Drop

This set of jobs numbers arrives after a substantial slowdown in jobs growth reported last Friday and consecutive increases in jobless claims in the last few weeks.

The Bureau of Labor Statistics said that the price index for U.S. imports fell 0.5% in March, following increases of 0.6% in February and 0.5% in January led by a downturn in fuel prices, easing inflation concerns and stoking confidence that Federal Reserve policymakers still have more room to maneuver on stimulus.

The FTSE 100 in the U.K. was up 0.36% and the DAX in Germany was rising 0.55%. The Nikkei 225 in Japan closed up 1.96% Thursday, while the Hong Kong Hang Seng index settled up 0.3%.

Yum! Brands (YUM - Get Report) was down 2.34% to $65.20 after the fast-food restaurant operator, whose brands include KFC, Pizza Hut and Taco Bell, said Wednesday that same-store sales in China fell 13% in March from a year ago as the bird flu outbreak in the country hurts sales.

Microsoft (MSFT - Get Report) is developing a new lineup of its Surface tablets, including a 7-inch version expected to go into mass production later this year, people familiar with the company's plans told The Wall Street Journal. Shares were off 3.8% to $29.13 in premarket trading.

T-Mobile USA raised its bid for MetroPCS (PCS) in what it called its "best and final offer." MetroPCS shares were down 1.04% to $11.44.

The benchmark 10-year Treasury was rising 3/32, diluting the yield to 1.798%. The dollar was down 0.31% to $ 82.28 according to the U.S. dollar index.

May crude oil futures were shedding 10 cents to $94.54 a barrel on the New York Mercantile Exchange.

Written by Andrea Tse in New York

>To contact the writer of this article, click here: Andrea Tse.
2 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PCS $11.84 0.00%
BBBY $69.05 -0.58%
MSFT $44.40 -0.10%
YUM $91.55 -0.15%
AAPL $126.44 -0.13%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs