Thursday, February 23, 2012

dow jones, S&P 500, Nasdaq futures feb 23 2012

dow jones, S&P 500, Nasdaq futures feb 23 2012, why dow jones drop feb 23 2012 : U.S. stocks were lower on Thursday, after official data showed that U.S. jobless claims held steady near the lowest level since March 2008 last week as concerns over the economic outlook in the euro zone lingered.

During early U.S. trade, the Dow Jones Industrial Average edged fell 0.36%, the S&P 500 index added slipped 0.24%, while the Nasdaq Composite index declined 0.19%.

The U.S. Department of Labor said earlier that the number of individuals filing for initial jobless benefits in the week ending February 18 held steady at 351,000, confounding expectations for an increase of 3,000 to 354,000.

Jobless claims have remained below 400,000, a level historically associated with an improving labor market, in 15 of the past 17 weeks.
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