Wall street drops on U.S. budget talks

Source: Reuters
© Scanpix/RS
U.S. shares went down on Thursday after previous improvement as investors confidence about avoiding spending cuts and tax hikes declined. Earlier this week, the U.S. President Barack Obama said he might veto the plan of Republicans which extends Bush-era tax cuts. The Dow Jones industrial average slipped 0.14% to 13,233.23, the S&P 500 Index declined 0.06% to 1,434.97 and the Nasdaq Composite Index dropped 0.14% to 3,040.18.
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Thu, 20 Dec 2012 17:56:17 GMT

U.S. output rose above expectations in Q3

Outlook of U.S. economy growth in the third quarter improved as consumer spending rose more than originally estimated, the Commerce Department reported on Thursday. Final estimate of gross domestic product expansion by the Commerce Department shows the growth of 3.1% in the Q3 compared to previously forecast 2.7%, while economists expected upward revision to 2.8%.

Thu, 20 Dec 2012 15:52:06 GMT

Initial jobless claims in U.S. increase to 361,000

Following an unexpected fall to the lowest level in two months in the previous week, number of claims for U.S. unemployment benefits rose in the week ended December 15, according to the Labor Department on Thursday. Initial jobless claims increased 17,000 to 361,000, while economists expected 360,000 claims."This number gets us back into the range we've been in really since

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