Thursday, February 2, 2012

U.S. futures edge up after jobless data

U.S. stock futures edged higher Thursday after weekly jobless claims fell more than anticipated, illustrating ongoing improvement in the labor market.

U.S. stock-index futures erased mild losses after the release of Labor Department figures that had applications for unemployment insurance payments declining by 12,000 to 367,000 last week.

Separately, the government reported a 0.7% rise in U.S. productivity in the fourth quarter, roughly in line with estimates.

Futures on the Dow Jones Industrial Average DJ2H -0.08% climbed 5 points to 12,658 and those on the Standard & Poor’s 500 stock index SP2H -0.02% added 0.8 point to 1,320.60.

Nasdaq 100 futures ND2H -0.03% rose 2.25 points to 2,489.75. Read more....

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