US futures edge up after year's biggest sell-off
by The Associated Press
Nov 08, 2012 | 1035 views | 0 0 comments | 3 3 recommendations | email to a friend | print
NEW YORK (AP) — U.S. stock futures are recovering a day after the largest drop on the Dow Jones industrial average this year. Trading is light ahead of the Labor Department's report on claims for unemployment benefits.

Dow Jones industrial futures are up 22 points to 12,885. The broader S&P futures have tacked on 1.7 points to 1,390.80. Nasdaq futures are up 4.25 points to 2,614.25.

Economists expect that more people applied for unemployment benefits last week, though that may be attributable to Superstorm Sandy. Others think the number may fall because disruptions from the storm, which chilled business activity from North Carolina to Maine, prevented people from applying for help.

The larger trend on the jobs front is a good one. The government revised the jobs numbers for August and September to account for stronger-than-expected hiring.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet
Postings are not edited and are the responsibility of the author. You agree not to post comments that are abusive, threatening or obscene. Postings may be removed at our discretion.