Wall Street Seeks Direction as Traders Mull ECB Move
FOX Business: The Power to Prosper
Stocks were off to a choppy start after a statement by the European Central Bank failed to inspire confidence that policymakers are taking swift enough action to tackle the region's widening debt crisis.
Today's Markets
As of 9:44 a.m. ET, the Dow Jones Industrial Average fell 4 points, or 0.07%, to 10,929, the S&P 500 slipped 0.12 point, or 0.01%, to 1,143 and the Nasdaq Composite dipped 0.98 point, or 0.02%, to 2,461.
The Labor Department's weekly jobless claims report showed claims rose to 401,000 last week from 395,000 the week prior. Economists expected a larger rise to 410,000 for the week. This report comes ahead of the highly-awaited monthly employment report, which, economists anticipate, will show the unemployment rate sticking above 9%. A batch of relatively encouraging data released recently, however, has raised hopes that the jobs report could beat expectations.
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Posted-In: FoxBusinessIntraday Update
