MINYANVILLE ORIGINAL US stock futures are pointing towards a positive opening as jobless claims data and durable goods orders came in right in line with expectations. Initial claims for unemployment insurance last week stayed flat for the third straight week at 370 000. Durable goods orders increased 0.2% in April but excluding transportation declined 0.6%. This shows that people are buying cars again.
MINYANVILLE ORIGINAL Initial claims for unemployment insurance stayed flat at 370 000 last week. The Labor Department revised the previous week's figures up to 370 000 from 367 000. Economists expected a slight improvement of 36... Read Post
Heads up! The economic data is about to get started fast and furious in the United States this morning. We are minutes away from the first of five data points to be released – weekly jobless claims figures, due out at 8:30 AM ET. Ec... Read Post
Despite initial jobless claims coming in higher than expected today, durable goods orders actually soared past expectations in January, growing 3% vs. an expected 1.5%. --- Commerce Department: New orders for manufactured durable go... Read Post