New unemployment data renewed concerns about labor market weakness. Weekly initial jobless claims declined less than expected, falling 6,000 versus an anticipated 9,000 decrease. However, the number of claims lasting more than on e week rose, as did the four-week moving average of new claims.
The U.S. trade deficit unexpectedly narrowed 6.6% to $37.29 billion in January from $39.9 in December. The improvement came from reduced imports, which slipped 1.7%. Exports fell 0.3%.
(not bad, good for bulls)
Thursday, March 11, 2010
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