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THE CLOSING BELL -- UP 69: Stock indexes rose as a jump in exports offset concerns about an increase in unemployment claims. NYSE, NASDAQ TODAY'S BUSINESS NEWS: » October trade deficit drops to $32.9B » New jobless claims rise to 474K » State's foreclosure rate drops 13% » Feds target role of rating agencies in meltdown » These gifts help share financial lessons » Exports up for 6th straight ...
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A decline in continuing unemployment claims pushed stocks higher Thursday as the consumer sector rallied on expectations of higher consumer spending, a key force in the U.S. economy.
Americans' net worth and the nation's trade deficit are showing improvement, but jobless claims rose more than expected after five weeks of decline.
America needs a national economic goal, which begins with reforming the nation's trade policies that are hemorrhaging this country's jobs and treasure overseas, said Michael Stumo of the Coalition for a Prosperous America.
(RTTNews) - The US Department of Commerce will release its trade balance report for October at 8:30 AM ET. Economists estimate that the trade gap widened to $36.7 billion in the month.
AIAA President Warns Congress That Cuts to Human Spaceflight Programs Will Harm Aerospace Workforce, U.S. Economy, and National Security
The U.S. economy has recovered slightly in recent months, but Cornell economist Steven Kyle predicts that 2010 will bring flat growth, high unemployment rates unlikely to budge, and continued turmoil in the housing market.
NEW YORK — Stock indexes rose Thursday as an increase in exports offset concerns about an increase in weekly unemployment claims. The Commerce Department said a surge in exports helped narrow the trade deficit in October to $32.9 billion. Economists had been expecting an increase.
Stocks move higher as government says trade deficit narrows, unemployment claims rise
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker dollar, are expected to boost demand for American manufactured goods in coming months and provide important strength to the overall economic recovery.
WASHINGTON - The economic recovery is likely to draw strength from exports such as farm products, autos, aircraft and industrial machinery — all of which helped lower the nation's trade deficit in October.
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker dollar, are expected to boost demand for U.S. manufactured goods in coming months and provide important strength to the economic recovery.
Following last week's considerably stronger-than-expected November jobs report, Wall Street has turned its attention to this morning's weekly report on U.S. jobless claims for further confirmation of an improving U.S. economy...( Read More )
New jobless claims filed last week made a surprise jump to 474,000, the Labor Department said moments ago, up from 457,000 the week before.
But the nation's trade deficit was lower as exports of U.S. goods rose for a sixth straight month, a good sign for manufacturers.
Dec. 10 (Bloomberg) -- The trade deficit in the U.S. unexpectedly narrowed in October as rebounding economies overseas and a weaker dollar pushed exports up for a sixth consecutive month.
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