Stocks end lower after unemployment claims rise

Stocks slipped Thursday after the government reported an increase in applications for unemployment benefits last week.

Stocks slipped Thursday after the government reported an increase in applications for unemployment benefits last week.

The Labor Department said Thursday that 409,000 people made claims for benefits for the first time. That's up 18,000 from the previous week, when applications fell to their lowest level in more than two years.

The report came a day after ADP estimated that companies added nearly 300,000 jobs last month, far more than the 100,000 economists expected. That pushed stock prices higher and Treasury prices lower as investors became more optimistic about the job market.

The most important news on the job market will arrive on Friday morning when the Labor Department releases its monthly survey of all U.S. payrolls and the unemployment rate. Economists expect the rate fell to 9.7 percent in December from 9.8 percent the previous month.

"At worst unemployment is flat. At best it's coming down," said James O'Sullivan, chief economist at MF Global in New York.

MF Global is optimistic about the jobs report. Despite the increase in claims last week, O'Sullivan noted that the four-week average fell to 411,000, the lowest since July 2008.

Many retailers fell after reporting weaker sales in December. Target Corp. fell 7 percent to $54.93 and Gap Inc. fell 7 percent to $20.70. Macy's Inc. fell 4 percent to $23.97.

A blizzard in the Northeast hurt sales after Christmas. Retail sales were strong in November since many customers shopped earlier in the holiday season this year. Analysts still expect overall retail spending in November and December to increase by the largest amount since 2006.

The Dow Jones industrial average fell 25.58 points, or 0.2 percent, to close at 11,697.31.

The Standard & Poor's 500 index fell 2.71, or 0.2 percent, to close at 1,273.85. The Nasdaq composite index rose 7.69, or 0.3 percent, to 2,709.89.

Three stocks fell for every two that rose on the New York Stock Exchange. Consolidated volume was 5 billion shares.

Bond prices rose, sending their yields lower. The yield on the 10-year Treasury note fell to 3.40 percent from 3.46 percent late Wednesday. The yield is used to set interest rates on many kinds of loans including mortgages.

Monsanto Co. rose 2 percent to $70.79 after the company reported that higher sales of corn, soybean, vegetable and cotton seeds helped it become profitable again.

Constellation Brands Inc. fell 8 percent to $19.84 after the maker of Robert Mondavi wine and Svedka vodka said revenue fell 2 percent on weak wine sales.

In Other News

fake money

Keywords clouds text link http://alonhatro.com

Dịch vụ seo, Dịch vụ seo nhanh , Thiết kế website ,  máy sấy   thịt bò mỹ  thành lập doanh nghiệp
Visunhomegương trang trí  nội thất  cửa kính cường lực  Vinhomes Grand Park  lắp camera Song Phát thiết kế nhà thegioinhaxuong.net/

Our PBN System:  thiết kế nhà xưởng thiết kế nội thất thiết kế nhà tem chống giả

aviatorsgame.com ban nhạcconfirmationbiased.com 
radiantcitymovie.comeatatdistrict.com
chaletedelweiss.useve-razor.com
occastudios.commoscasenlasopa.net
skaratoken.comshowdx.com
thelettersmovie.comheritage-gifts.com
singstreetmovie.comdeadaccountsonbroadway.com
moscasenlasopa.netratchasima.net
eatatdistrict.comthe-movie-trailer.com 
theboroughraleigh.comradio-electronics.co
mariankihogo.com  ốp lưngGiường ngủ triệu gia  Ku bet ku casino

https://maysayhaitan.com/  https://dovevn.com/ buy fake money https://sgnexpress.vn/ máy sấy buồn sấy lạnh

mặt nạ  mặt nạ ngủ  Mặt nạ môi mặt nạ bùn mặt nạ kem mặt nạ bột mặt nạ tẩy tế bào chết  mặt nạ đất sét mặt nạ giấy mặt nạ dưỡng mặt nạ đắp mặt  mặt nạ trị mụn
mặt nạ tế bào gốc mặt nạ trị nám tem chống giả

https://galaxymedia.vn/  công ty tổ chức sự kiện tổ chức sự kiện
Ku bet ku casino
Sâm tươi hàn quốc trần thạch cao trần thạch cao đẹp

suất ăn công nghiệpcung cấp suất ăn công nghiệp

https://docs-cashshop.com/
https://galaxymedia.vn/dich-vu-to-chuc-su-kien-la-gi-quy-trinh-to-chuc-su-kien-nhu-the-nao-id3108.html

© 2020 US News. All Rights Reserved.