US Jobless Claims Drop to Lowest in Nearly 50 Years
$DIA, $SPY, $QQQ, $VXX
US filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed Thursday.
|Highlights of Jobless Claims (Week ended 24 February)|
Overall, the employment picture remains solid, with payrolls continuing to increase and the unemployment rate at the lowest since late 2000. Job growth will help sustain consumer spending, the biggest part of the economy.
Thursday, the major US stock market indexes finished at: DJIA -420.22 at 24608.98, NAS Comp -92.45 at 7180.55, S&P 500 -36.16 at 2677.67
Volume: Trade on the NYSE came in at: 1.04-B/shares exchanged
- NAS Comp +4.0% YTD
- S&P 500 +0.2% YTD
- DJIA -0.5% YTD
- Russell 2000 -1.8% YTD
HeffX-LTN’s Market Indexes Technical Analysis
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