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Little Change in Stocks on Thursday, US Jobless Claims Fall (CSCO)

By: , dated August 9th, 2012
The S&P 500 just barely extended its rally to five days on Thursday. Nasdaq also had positive gains led mostly by Cisco Systems (CSCO). Unemployment applications in the US fell by 6,000 over the past week and the US trade deficit was reported as the smallest in about a year in a half for June–two signs that give hope for the economy. The Postal Service reported a $5.2 billion loss for its third quarter and Cargill saw its profits dip to the lowest in ten years. Tech was up today due positive reports from both Nvidia Corp. (NVDA) and Fusion-io (FIO). The dollar made gains against other global currencies, while the euro declined.

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