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Wishing and Hoping on Jobs

Economic news has been relentlessly downbeat of late, so the market’s positive response today to the better-than-expected report on jobless claims, along with the odd indicator suggesting a merely mediocre jobs report tomorrow, has put a bit of life into equity futures. S&P futures popped a bit higher after the Labor Department said weekly jobless claims fell to 336,000 last week, down 21,000 from the previous week, which was the highest level in more than two years. But an upward revision to the previous figure translate... lire la suite

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