Topic: High Frequency Economics
Unemployment claims drop 26,000 to a level of 359,000, the lowest in nine weeks. At this level, unemployment claims typically point to a lower unemployment rate.
Feeble growth, little consumer spending, unemployment, and shrinking paychecks have all contributed to making this the slowest economic recovery since the Great Depression.
Stocks slid in late afternoon trading. The Dow lost 66 points Tuesday to close at 11954, after gaining as much as 126 points earlier. Stocks on the Nasdaq and S&P 500 also suffered losses.
12/13/2011 05:05 pm
Stocks calmed down after Monday's big declines. Stocks on the Dow gained 69 points by noon Tuesday.
12/13/2011 01:15 pm
It's unlikely the Fed will introduce another round of quantitative easing, say some observers
08/09/2011 11:26 am
Wall Street, after the worst week in years, heard one good piece of news. Friday's jobs report proved better than expected.
08/06/2011 12:16 am
New homes: Sales tumbled in October while the median home price dropped to the lowest point in seven years.
11/24/2010 01:56 pm