U.S. stocks change little amid rising jobless claims

TradingPub Admin | March 28, 2013

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If you are interested in obtaining some stock trading education, it can be helpful to know that U.S. equities registered little change on March 28, 2013, after the markets responded to news of rising jobless claims for the nation and an upward revision of gross domestic product (GDP). 

The benchmark S&P 500 Index was trading less than 0.1 percent higher at 1,563.26 at 9:59 a.m. in New York, according to Bloomberg. At this point in the session, trading in the stocks contained in the index was 27 percent less than the 30-day average. 

The Dow Jones Industrial Average also made gains, adding 20.04 points, or 0.1 percent, to reach 14,546.20, the media outlet reports. 

Data provided in a Labor Department report indicates that during the week ending on March 23, the number of people filing initial applications for unemployment benefits rose to 357,000, which represented an increase of 16,000 from the 341,000 claims made during the prior period. 

Markets also responded to news that the GDP estimate for the fourth quarter of 2012 was revised to an annualized rate of 0.4 percent from the previous figure of 0.1 percent, according to the news source. 

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