U.S. shares fluctuated throughout the end of the day within the closing session after the release of higher than forecast initial jobless claims data. Today's report showed that first-time jobless Americans asking for benefits rose by 68,000 in the week ended December 14 to 379,000, the highest in nearly nine months, from a revised of 369,000, compared with median forecast of 336,000. The report raised concerns after the Fed announced yesterday it will start unwinding its bond purchases gradually till nothing by the end of 2014, with the a small start of reduction to $75 billion starting from January. Standard and Poor`s declined 0.05% to reach 1809.75 points, as of 16:32 EST . As of 16:15 EST , Dow Jones rose faintly by 0.07% to 16178.85 points, and NASDAQ slumped 0.29% to 4058.07 points. Yet optimism remains spread after that the Federal Reserve took the decision and cut back on its asset purchases program amid crystal clear signs that the U.S economy is strengthening the dollar rushed up to the upside.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March
- Vybz Kartel Convicted of Murder
- Koch Brothers Step up Anti-Obamacare Campaign
- Is Malaysian Airlines Flight 370 in Andaman Sea?