Thursday March 20, 01:05 PM
U.S. stock futures turn mixed after jobless claims data
NEW YORK (Thomson Financial) - U.S. stock futures pared earlier gains to turn mixed on Thursday after the release of weekly jobless claims data that rose expectations.
S&P 500 futures were up 1.50 points at 1,300.90 and Nasdaq
100 (NASDAQ: news) futures fell 3.50 points to 1,721.00.
The Dow industrials 'Diamonds' ETF (DIA) was last up 23 cents at $121.37, vs. a pre-data level of about $121.50.
Just prior to the release of the data, the S&P 500 futures traded around 1,305.50 and Nasdaq 100 futures were around 1,730.00.
The U.S. Labor Department said first-time claims for jobless benefits increased by 22,000 to 378,000 during the week ending March 15, topping the median estimate of economists surveyed by IFR Markets of 360,000.
Continuing claims rose by 32,000 to 2,865 million during the week ending March 8, exceeding economist forecasts of 2.840 million.
Tomi Kilgore
tk1
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
NNNN
|
Send Article by Email
