US Stocks End Flat, Doubts Surround Jobless Claims (AMD, S)

Making headlines on Thursday was the most recent jobless claims report, showing a drop that caused numbers to hit a four-year low. Also in the US it was reported that foreclosure activity dropped 16% in the year-over-year comparison in September. In general there was little change in stocks despite these positive reports, with Apple (AAPL) among others falling and evening out any gains. Advanced Micro Devices (AMD) cut its outlook for its third quarter, sending shares down 6%.
In merger news, Softbank may be moving to acquire 70% of Sprint Nextel (S) in a deal well over $12 billion and Boeing (BA) secured their deal with Alaska Air (ALK) for a new aircraft order. Oil futures passed $92 and the dollar slid slightly against the euro after Spain's debt rating was downgraded.

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Published on Oct 11, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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