Wall St ends flat amid better-than-expected jobless claims

In the US markets, Wall Street trades flat session in lackluster trading session, as disappointing GDP data from the euro zone overshadowed optimism over an upbeat jobless claims report and a flurry of M&A announcements.
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Feb 15, 2013, 08.01 AM | Source: Moneycontrol.com

Wall St ends flat amid better-than-expected jobless claims

In the US markets, Wall Street trades flat session in lackluster trading session, as disappointing GDP data from the euro zone overshadowed optimism over an upbeat jobless claims report and a flurry of M&A announcements.

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Wall St ends flat amid better-than-expected jobless claims

In the US markets, Wall Street trades flat session in lackluster trading session, as disappointing GDP data from the euro zone overshadowed optimism over an upbeat jobless claims report and a flurry of M&A announcements.

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In the US markets, Wall Street trades flat session in lackluster trading session, as disappointing GDP data from the euro zone overshadowed optimism over an upbeat jobless claims report and a flurry of M&A announcements.

Dow Jones Industrial Average was down 0.07% or 9.52 points at 13973.39. Nasdaq Composite was up 0.06% or 1.78 points at 3198.66. Standard & Poor's 500 was up 0.07% or 1.05 points at 1521.38.

In economic data, jobless claims dropped 27,000 to a seasonally adjusted 341,000 last week. The reading is much better than the expectations of claims falling to 360,000.

In key data to watch out for in the US today, industrial production for the month of January is expected to remain unchanged at 0.3 % and consumer sentiment is expected to rise to 75 levels in February. Also watch out for data from the Empre state manufacturing survey.

In the currency space, the euro slips versus the dollar to 1.33 on dismal Eurozone data. The dollar index is above the 80 mark.

In commodities, crude prices climb above the USD 118 mark again on the back of supply concerns.

Meanwhile, gold prices slipped to 6-week lows on the back of economic concerns in Europe.

 

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Wall St ends flat amid better-than-expected jobless claims

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