Jobless Claims Fall…Again

I’m starting to lose count of how many times weekly jobless claims have dropped to a four-year low, but it happened again today. Combined with yesterday’s ADP report, this sets us up for an optimistic jobs report tomorrow. Economists expect to a see nonfarm payroll gain of 230,000.

The futures market currently indicates that the market will open lower today. This looks like it could be the 15th day in a row of the “up, up, down, down, down” trend.

One stock will probably buck the market today. Bed Bath & Beyond ($BBBY) looks to open over $69 per share this morning.

Posted by on April 5th, 2012 at 9:19 am


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