Street Has Third Strong Day on Economic Data (GRPN, SWHC)

The Street had another positive day on Thursday after several economic reports and forecasts. Unemployment claims dropped by 9,000 last week and the amount of private sector jobs increased. Applications for unemployment are reportedly around 1,000 above the five-year low. Also today the G-20 met in Russia to discuss action in Syria, economic growth and recent volatility in the markets. Energy stocks fared well on Thursday and were led by Peabody (BTU) and Marathon Oil (MRO). Groupon (GRPN) traded higher after Morgan Stanley recommended an upgrade to its stock.
Smith & Wesson (SWHC) dropped about 2% after sharing earnings. Investors anxiously await tomorrow's monthly jobs report which could offer further clues to when the Fed plans to begin its taper.

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Published on Sep 5, 2013
By InvestorGuide Staff

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