Jobless Claims Drop to 5-Year Low; Earnings Beat Estimates (AMZN, XOM)

Earnings reports and encouraging data from the Labor Department boosted the markets on Thursday. Jobless claims fell to almost a five-year low from last week to a seasonally adjusted 339,000. Amazon (AMZN) reported earnings and beat expectations and Starbucks (SBUX) shared Q2 earnings that were up 26% on record sales in the Americas and Asia. 3M Co. (MMM) was among the top decliners for Thursday after lowering its yearly forecast and seeing shares drop 3%.
As the EU continues to tackle the budget deficit, Spain announced unemployment figures that reached over 6 million for the first time to 27.2% of the workforce. Gold futures saw their biggest one-day jump since June and the Treasury Department carried out an auction for 7-year notes of 1.155%.

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Published on Apr 25, 2013
By InvestorGuide Staff

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