Stocks Fall As Jobless Claims Rise And Yahoo Disappoints
U S stocks slip after a rise in jobless claims to 439000 and a softer Yahoo earnings miss. Dow closes down 1.3 percent at 9036.04, Nasdaq off 1.8 percent, S&P 500 down 1.4. Abbott gains fall while Wal-Mart and Coinstar retreat. PepsiCo trades higher amid mixed earnings.
MENTIONED IN THIS ARTICLE
Yahoo
Its
Ket
Keith Keenan
Institutional Trading
Wall Street Access
New “York
Dow
S&p
Steven Goldman
Weeden & Co
Greenwich
Conn
Keenan
Abbott Laboratories
Wal-Mart
American Eagle Outfitters
Coinstar
Safeway Inc
PepsiCo
New York Stock Exchange
Jobless claims rise as job market stays sluggish
The Labor Department shows new unemployment claims up 5,000 to 439,000 for the week ending July 5, a five-week high, with the four-week average at 426,750. Continuing claims rise to 3.8 million, highest since Feb 1983, as retailers report only modest gains amid weak demand and wet weather. Wal-Mart posts light sales, while department stores struggle and consumer spending remains tepid yet crucial to the economy.
MENTIONED IN THIS ARTICLE
Standard & Poor
Federal Reserve
Alan Greenspan
Greenspan
Washington
Oscar Gonzalez
John Hancock Financial Services
Labor Department
Wal-Mart Stores Inc
AMEX
NASA
Lyandel
Tech Aso
Viyatvet
ATG
Famed Nest
Be Gantad CheYur
Medifast
PDI Tne
Merck
MoroSten Wy
Bevery
StbiSres
Noonla AG Waa
Wipro
BottTesh
Cassctie H
Cassctie H 482 41.1 482.8 HY 202 Be —58 452 NashiCoTr Amex
TAM Corp
Pfizer Uy
Coinstar
Inc
Ewotech
ConAgra
ABS Shell
Galvans
Sinpan
Healigd
Disney
Greynor
DuPont
S&p
Duke
C& Wore
SouthnEs
Uoac
Russell
Aoy
Wilthire
SunMicro Nash
Cisco
SunMicro
GenEler NY
Genkles
Sifuss
Smco NY
Obj Ismins
Nay TeinSemi
Oracle
Gilstis
Yahoopa
Goodrich
Unie NY
SAS
Avinco Ap
JDS Uniph
Halona Ray
Nabors
Hawes
Ussteel
Horredind
Verena NY
Mercury
Fio James
Agit Inter Arex
WelsFign
Janus
Ecg Rynex
SL Glass Meerbeis
Teessed Et Serra
Chng
Crude futures gain on gasoline surge
In New York and London trading, August crude rose modestly as volatility persisted. Prices peaked near 31.60 a barrel before settling around 31.06 on a day marked by factors like Tropical Storm Claudette and a bearish DoE storage report, while gasoline futures softened.
MENTIONED IN THIS ARTICLE
New York
Department of Energy
Claudette
Tive
Phil Flynn
Alaron Trading Corp
New York Mercantile Exchange
Hearby
London
International Petroleum Exchange
Brent
Flynn
Tim Evans
IFK Pegasus
Clude
Nigeria
Also Mentioned on This Page
Hope Yen
Jeannine Aversa
The
Associated Press
Dow Jones
Evans
Energy Information Administration
DOE
Baytown Sun
Zip
Acon
Oc Barkers Hiigh School
Sessionals, Inc
Jennifer Marconieli
Decker Baytown
Wynedivardicnes
Oni
Edward Jones
Aare
Stephen V
Takach
Alexander Or
Bayteim
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