- Before the bell: S&P futures +0.4%, Nasdaq futures +0.4%
Market news
22 December 2011
Before the bell: S&P futures +0.4%, Nasdaq futures +0.4%
U.S. stock futures pared gains as a report showing the US economy grew less than forecast in the third quarter overshadowed a drop in jobless claims.
Stocks pared an earlier advance as revised Commerce Department figures showed gross domestic product climbed at a 1.8% annual rate from July through September, down from the 2% estimated last month.
The number of applications for unemployment benefits dropped last week to the lowest since April 2008, a sign that the U.S. labor market is strengthening heading into 2012. Jobless claims fell by 4,000 to 364,000 in the week ended Dec. 17, Labor Department figures showed. The median forecast of economists was 380,000.
Stocks pared an earlier advance as revised Commerce Department figures showed gross domestic product climbed at a 1.8% annual rate from July through September, down from the 2% estimated last month.
The number of applications for unemployment benefits dropped last week to the lowest since April 2008, a sign that the U.S. labor market is strengthening heading into 2012. Jobless claims fell by 4,000 to 364,000 in the week ended Dec. 17, Labor Department figures showed. The median forecast of economists was 380,000.
World markets:
Nikkei 8,395 -64.82 -0.77%
Hang Seng 18,378 -38.22 -0.21%
Shanghai Composite 2,186 -4.85 -0.22%
FTSE 5,439 +49.20 +0.91%
CAC 3,068 +37.69 +1.24%
DAX 5,837 +45.44 +0.78%
Crude oil: $98.84 (+0,2%).
Gold: $1609,10 (-0,3%).
Nikkei 8,395 -64.82 -0.77%
Hang Seng 18,378 -38.22 -0.21%
Shanghai Composite 2,186 -4.85 -0.22%
FTSE 5,439 +49.20 +0.91%
CAC 3,068 +37.69 +1.24%
DAX 5,837 +45.44 +0.78%
Crude oil: $98.84 (+0,2%).
Gold: $1609,10 (-0,3%).
Market Focus
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