S&P Finishes Just Shy of Closing High; Jobless Claims Drop

The major indices continued to extend their gains today after positive news came from the US jobs market. Even though the US indices are hitting highs, current trading volumes are well below the daily average for the Dow, NYSE and Nasdaq. Initial claims for jobless benefits fell for the third week in a row last week. Also on Thursday it was reported that producer prices rose last month after a jump in the cost of gas. E*Trade (ETFC) fell after its investor Citadel announced it will be selling its stake in the company after five years.
Samsung is planning a release of its new smartphone tonight, putting additional pressure on Apple (AAPL) to perform, whose stock has been tumbling recently. Investors await several important reports scheduled for release on Friday, including the consumer price index, consumer sentiment and industrial production figures.

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Published on Mar 14, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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