At 8:40 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
We see that first time weekly unemployment numbers are up this week at 292,000. After a day of major gains on Wednesday, the market is back in a wait and see mode. It's a day of rest as it were. After the Fed's announcement yesterday which went over very well, it's kind of like - well now what. No doubt the answer is coming.
CNN: Stocks: 5 things to know before the open
Leaders from across the 28 nations in the European Union are meeting Thursday to kick off a summit where they're expected to discuss a range of issues, including Russian sanctions and Greece's fate.
2 comments:
America's new Upstairs /Downstairs economy is producing lots of servant type jobs with lo pay and no benefits. These same employers then turn around and ask for State subsides so their employees can eat and get some minimal Health care. Corps. as welfare queens who think paying their employees less then a living wage is ok as long as they can get the rest of the taxpayers to support their business plan. Of course the Corp. owned media sees this but blames the employees for their own poverty. ( If only they'd gotten into Harvard or better yet been born rich.) The Aristocracy's prescription for change is more beatings. This will not end well.
Yes, we have a shitty job producing economy and the middle class erodes from within.
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