News Column

Markets Anemic on Poor Jobless Figures

Nov. 15, 2012

U.S. stock markets were mixed Thursday after the Labor Department said first-time unemployment claims soared in response to Hurricane Sandy.

Initial benefit claims rose by 78,000 to 439,000, partly due to a backlog of claims that could not be filed the week the hurricane hit and partly because some work has been suspended in the aftermath of the storm.

In afternoon trading Thursday, the Dow Jones industrial average lost 34.79 points or 0.28 percent to 12,536.16.

The Nasdaq was off 9.07 points or 0.32 percent to 2,837.74.

The Standard and Poor's 500 dropped 2.54 points or 0.19 percent to 1,352.95.

The benchmark 10-year treasury was up 2/32, yielding 1.588 percent.

The euro rose to $1.2774 from Wednesday's $1.2735. Against the yen, the dollar rose to 81.18 from 80.25 yen.

In Tokyo, the Nikkei 225 index gained 1.9 percent, 164.99 points, to 8,829.72

In London, the FTSE 100 index lost 0.77 percent, 44.26, to 6,577.75.


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Source: Copyright United Press International 2012


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