U.S. jobless claims rise modestly last week

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Source: RTT News
Initial claims for unemployment benefits in the U.S. surprisingly increased in the week ended on February 8, the latest data revealed by the Labor Department showed on Thursday. According to the report, jobless claims in the world's largest economy added by 8,000 from 331,000 to last week's level of 339,000, while the claims were seen to be falling to 330,000.

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Fri, 14 Feb 2014 08:34:43 GMT

U.S. stocks rise as Nasdaq records 6th straight gain

Wall Street shares inched higher on Thursday trading session with the benchmark index Nasdaq Composite increasing for the sixth successive day as investors weighed prospects of disappointing consumer spending data versus weather forecast. The S&P 500 Index gained 0.58% to 1,829.83, the Dow Jones industrial average added 0.40% to 16,027.59 and the Nasdaq surged 0.94% to 4,240.67.

Fri, 14 Feb 2014 08:37:59 GMT

U.S. business inventories gain in December

Business inventories in the world's largest economy increased slightly more than economists initially expected in December, a report released by the Commerce Department showed on Thursday. According to the report, the U.S. business inventories advanced 0.5% in the last month of 2013 after gaining 0.4% in November.

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