Jobless Claims Worse Than Expected

Jobless claims came in worse than expected, and that was the fuel the bears needed to worsen the equity futures. Jobless claims rose to 465,000 the first increase in five weeks. Economists had been expecting a claims number of 450,000. Continuing claims came in 4.4389 million, worse than the 4.473 million expected. As a result of the weaker than expected numbers, stock futures took a nosedive from their already weak positions. At last check Dow futures were down 82 points, S&P 500 futures were lower by 11 points, and NASDAQ futures were lower by 17 points.