News Summary (COG, APC, UAUA, LCC, JBLU, DAL, AMR)

The Labor Department reported that the first-time filings for state unemployment benefits have unexpectedly increased 12,000 in the last week to reach its highest level since the week ended November 14, 2009. Initial claims have increased 12,000 to 500,000 for the week ended August 14. Former Citigroup economist Brian Jones said, "The labor market is still in a funk." Energy stocks moved down today, following a worse-than-expected unemployment claims report for the latest week. The top decliners in the list were Cabot Oil & Gas COG and Anadarko Petroleum APC. The NYSE Arca Oil Index (XOI) and the NYSE Arca Natural Gas Index (XNG) dropped about 1.5%. Most of the US Airline stocks were in the red, after an unexpected rise in the initial jobless claims. The top losers in the list were United parent UAL Corp UAUA, US Airways LCC, JetBlue Airways JBLU, Delta Air Lines DAL and AMR Corp AMR. The NYSE Arca Airline Index (XAL) lost about 2%. Read more from Benzinga's Markets.