Crude oil rose for the first time in
a week as equities advanced and the dollar weakened, boosting
the appeal of commodities as an alternative investment.
Longer-dated treasury prices turned lower Thursday, with the 30-year yield spiking to a one-month high, as investors took in a better-than-expected report on jobless claims and prepared an auction of government debt later in the day.
Long-dated Treasury prices were lower as a better-than-expected jobless report eased demand for safe assets ahead of a $29 billion seven-year note auction.
Wall Street rose at the open on Thursday on strong earnings from companies including Exxon Mobil and after a drop in weekly jobless claims offered hope for the anemic labor market recovery.
U.S. stocks on Thursday opened with solid gains, with the S&P 500 bouncing back after two down days, as a mild decline in jobless claims and another round of good corporate results improved sentiment. The Dow Jones Industrial Average rose 80.98...
Kansas City Star
Jobless Claims in US Declined by 11000 to 457000
Bloomberg
A job seeker takes note of job listings at the Denver Workforce Center. Photographer: Matthew Staver/Bloomberg July 29 (Bloomberg) -- The number of Americans filing...
This chart, via Calculated Risk, couldn't be more clear.
We're now on 8 months of absolute stagnation on the weekly jobless claims number, continuing today with the another report above 450K.
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Initial jobless claims declined by 11,000 to 457,000 last week, but that followed a big rise the previous period, signaling little improvement in the job market.