Jobless Claims
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WASHINGTON, May 23- The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
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Stocks edged higher on Thursday, as investors digested a raft of earnings and a drop in initial jobless claims, though declines in Dow components ExxonMobil and 3 M Co capped the advance. **IMPERIAL OIL LTD, $39.36, up 0.6 pct.
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*3 M Co falls after earnings, outlook. NEW YORK, April 25- U.S. stocks edged higher on Thursday, as investors digested a raft of earnings and a drop in initial jobless claims, though declines in Dow components ExxonMobil and 3 M Co capped the advance. But declines in ExxonMobil and 3 M Co briefly dragged the Dow into negative territory and curbed gains on the S&P 500..
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NEW YORK, April 25- U.S. stocks opened higher on Thursday as investors dealt with a raft of earnings, including those of 3 M Co and Exxon Mobil, while encouraging jobs data added support. The Dow Jones industrial average added 6.45 points, or 0.04 percent, to 14,682.75. The Nasdaq Composite Index rose 12.24 points, or 0.37 percent, to 3,281.89.
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NEW YORK, April 25- U.S. stocks opened higher on Thursday as investors dealt with a raft of earnings, including those of 3 M Co and Exxon Mobil, while encouraging jobs data added support. The Dow Jones industrial average added 6.45 points, or 0.04 percent, to 14,682.75. The Nasdaq Composite Index rose 12.24 points, or 0.37 percent, to 3,281.89.
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Stocks were poised for a higher open on Thursday, as investors dealt with a raft of earnings, including those of 3 M Co and ExxonMobil, with added support from a drop in initial jobless claims. **EXXON MOBIL CORP, Wednesday close $89.43. ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices.
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*3 M Co falls after earnings, outlook. NEW YORK, April 25- U.S. stocks were poised for a higher open on Thursday, as investors dealt with a raft of earnings, including those of 3 M Co and ExxonMobil, with added support from a drop in initial jobless claims.
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WASHINGTON, April 25- The number of Americans filing new claims for unemployment benefits fell last week by a surprisingly large 16,000, offering reassurance the bottom is not falling out of the labor market despite signs of slower growth.
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WASHINGTON, April 25- The number of Americans filing new claims for unemployment benefits fell last week by a surprisingly large 16,000, offering reassurance the bottom is not falling out of the labor market despite signs of slower growth.
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WASHINGTON, April 25- The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000 the Labor Department said on Thursday.
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April 25- U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted. Initial Claims: April 13 from 352,000. California 24,303 Texas 3,050 Florida 2,623 Indiana 2,372.
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April 25- U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted. Initial Claims: April 13 from 352,000. California 24,303 Texas 3,050 Florida 2,623 Indiana 2,372.
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CNBC's Rick Santelli reports the latest unemployment numbers and discusses what it indicates about the markets and economy, with Maury Harris, UBS chief U.S. economist.
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WASHINGTON, April 25- The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000 the Labor Department said on Thursday.
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"The quality of earnings is in question right now," said Ashwani Kaul, Kaul Advisory Group, discussing recent results, with Jason Trennert, Strategas Research Partners; and Greg Ip, The Economist.
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Jason Trennert, Strategas Research Partners; and Greg Ip, The Economist, size up this season's earnings parade, and weigh in on growth prospects for U.S. companies and the economy.
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PARIS, April 25- More people were out of job in France in March than at any other time in the past, data on Thursday showed, a bleak record that cast new doubt on government promises to reverse the unemployment trend by year-end.
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*Verizon rises on Reuters report of possible wireless bid. NEW YORK, April 25- U.S. stocks rose on Thursday, boosted by gains in shares of materials companies, including iron ore producer Cliffs Natural Resources Inc, and by a drop in weekly jobless claims.
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PARIS, April 25- The number of jobless people in France hit an all-time high in March, piling more gloom on cash-strapped households and fresh doubt on the government's pledge to reverse the unemployment trend by year-end.
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NEW YORK, April 18- U.S. stocks edged up at the open on Thursday, following a steep drop in the previous session, after data showed initial jobless claims rose marginally last week and investors digested a slew of earnings reports.
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A closer look at this week's unemployment numbers, with Jim Iuorio, TJM Institutional Services; and CNBC's Steve Liesman.