While you were sleeping Wall St fluctuates

Thu, 09 May 2013

By Margreet Dietz May 10 (BusinessDesk) - An unexpected drop in US weekly jobless claims and solid earnings including from News Corp weren't enough to keep Wall Street from sliding after initially setting fresh records. The labour market provided further reason for optimism about the general outlook for the US economy, following the April jobs data released last Friday. Initial claims for state unemployment benefits declined 4,000 to a seasonally adjusted 323,000, the lowest level in more than five years, according to Labor Department data....

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