Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Stocks are turning in a lackluster performance in early trading on Thursday, as traders seem reluctant to make any significant moves ahead of the release of Friday’s monthly employment report. The major averages are lingering near the unchanged line after trending higher in recent sessions.
The choppy trading comes following the release of a report from the Labor Department showing that initial jobless claims fell modestly in the week ended March 26th but came in above estimates due to a substantial upward revision to the data for the previous week.
The report showed that initial jobless claims fell by 6,000 to 388,000 from the previous week’s revised figure of 394,000. Economists had expected jobless claims to slip to 380,000 from the 382,000 originally reported for the previous week.
The Labor Department noted that the upward revision to the previous week’s figures reflect the annual revision to the weekly unemployment claims seasonal adjusted factors
Despite the higher than expected level of new claims and the upward revision of the previous week’s data, jobless claims continue to show signs of stabilizing below the 400,000 mark that many economists view as a benchmark of the economic recovery.
Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, while above expectations, initial claims are now running below 400,000 for the 6th week in the past eight.”
Nonetheless, the data has generated some uncertainty about the Labor Department’s monthly employment report due to be released on Friday. The report is currently expected to show an increase of about 185,000 jobs in March, although the unemployment rate is expected to remain at 8.9 percent.
Most of the major sectors are showing only modest moves in early trading, although notable strength has emerged among energy stocks, which are moving higher along with the price of crude oil. Gold stocks are also moving to the upside, while moderate weakness is visible among banking stocks.
The major averages are currently posting slim gains, just above the unchanged line. The Dow is up 11.73 points or 0.1 percent at 12,362.34, the Nasdaq is up 1.70 points or 0.1 percent at 2,778.49 and the S&P 500 is up 0.25 points or less than a tenth of a percent at 1,328.51.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Stocks are turning in a lackluster performance in early trading on Thursday, as traders seem reluctant to make any significant moves ahead of the release of Friday’s monthly employment report. The major averages are lingering near the unchanged line after trending higher in recent sessions.
The choppy trading comes following the release of a report from the Labor Department showing that initial jobless claims fell modestly in the week ended March 26th but came in above estimates due to a substantial upward revision to the data for the previous week.
The report showed that initial jobless claims fell by 6,000 to 388,000 from the previous week’s revised figure of 394,000. Economists had expected jobless claims to slip to 380,000 from the 382,000 originally reported for the previous week.
The Labor Department noted that the upward revision to the previous week’s figures reflect the annual revision to the weekly unemployment claims seasonal adjusted factors
Despite the higher than expected level of new claims and the upward revision of the previous week’s data, jobless claims continue to show signs of stabilizing below the 400,000 mark that many economists view as a benchmark of the economic recovery.
Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, while above expectations, initial claims are now running below 400,000 for the 6th week in the past eight.”
Nonetheless, the data has generated some uncertainty about the Labor Department’s monthly employment report due to be released on Friday. The report is currently expected to show an increase of about 185,000 jobs in March, although the unemployment rate is expected to remain at 8.9 percent.
Most of the major sectors are showing only modest moves in early trading, although notable strength has emerged among energy stocks, which are moving higher along with the price of crude oil. Gold stocks are also moving to the upside, while moderate weakness is visible among banking stocks.
The major averages are currently posting slim gains, just above the unchanged line. The Dow is up 11.73 points or 0.1 percent at 12,362.34, the Nasdaq is up 1.70 points or 0.1 percent at 2,778.49 and the S&P 500 is up 0.25 points or less than a tenth of a percent at 1,328.51.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Stocks are turning in a lackluster performance in early trading on Thursday, as traders seem reluctant to make any significant moves ahead of the release of Friday’s monthly employment report. The major averages are lingering near the unchanged line after trending higher in recent sessions.
The choppy trading comes following the release of a report from the Labor Department showing that initial jobless claims fell modestly in the week ended March 26th but came in above estimates due to a substantial upward revision to the data for the previous week.
The report showed that initial jobless claims fell by 6,000 to 388,000 from the previous week’s revised figure of 394,000. Economists had expected jobless claims to slip to 380,000 from the 382,000 originally reported for the previous week.
The Labor Department noted that the upward revision to the previous week’s figures reflect the annual revision to the weekly unemployment claims seasonal adjusted factors
Despite the higher than expected level of new claims and the upward revision of the previous week’s data, jobless claims continue to show signs of stabilizing below the 400,000 mark that many economists view as a benchmark of the economic recovery.
Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, while above expectations, initial claims are now running below 400,000 for the 6th week in the past eight.”
Nonetheless, the data has generated some uncertainty about the Labor Department’s monthly employment report due to be released on Friday. The report is currently expected to show an increase of about 185,000 jobs in March, although the unemployment rate is expected to remain at 8.9 percent.
Most of the major sectors are showing only modest moves in early trading, although notable strength has emerged among energy stocks, which are moving higher along with the price of crude oil. Gold stocks are also moving to the upside, while moderate weakness is visible among banking stocks.
The major averages are currently posting slim gains, just above the unchanged line. The Dow is up 11.73 points or 0.1 percent at 12,362.34, the Nasdaq is up 1.70 points or 0.1 percent at 2,778.49 and the S&P 500 is up 0.25 points or less than a tenth of a percent at 1,328.51.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###