50 Mins Ago
Stocks open higher on Thursday
An Hour Ago
Stocks on track for losing week
With more than half of the trading week in the rearview mirror, the three major indexes are poised to see losses.
The Dow has led the way down this week, dropping 1.7%. The S&P 500 and Nasdaq Composite have slipped 0.8% and 0.6%, respectively.
— Alex Harring
An Hour Ago
Jobless claims, trade deficit both post increases
Initial filings for unemployment compensation increased more than expected last week, hitting their highest level since late January.
Jobless claims totaled 221,000 for the week ended March 30, up 9,000 from the previous week and higher than the Dow Jones estimate for 213,000, the Labor Department reported Thursday. That was the highest total since Jan. 27. Continuing claims, which run a week behind, edged lower to 1.79 million, below the FactSet estimate for 1.81 million.
In other economic news, the Commerce Department reported that the trade deficit rose to $68.9 billion in February, up $1.3 billion on the month and higher than the $67.7 billion Dow Jones estimate. That was the highest imbalance on the goods and services measure going back to April 2023.
— Jeff Cox
2 Hours Ago
Stocks making the biggest moves before the bell: Levi Strauss, Wayfair and more
These are the stocks moving the most in premarket trading:
Read the full list of stocks moving here.
— Lisa Kailai Han
2 Hours Ago
Planned job cuts hit highest since January 2023
Planned layoffs in March accelerated at their fastest pace in more than a year though the trend to start the year has been lower, according to Challenger, Gray & Christmas.
The outplacement firm reported Thursday that announced job cuts for the month totaled 90,309, a 7% increase from February and slightly above the same month a year ago. The monthly total, though, was the highest since January 2023.
However, the first-quarter total of 2024 showed a 5% decline from the same period a year ago as cuts in technology tumbled 59%, media fell 33% and financial sector layoffs declined 6%. Layoffs at transportation firms soared 483% and catapulted 726%…
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