The Dow Jones today traded 30 points lower in pre-market trading after the U.S. Labor Department announced 220,000 weekly jobless claims – 7,000 more than what analysts expected. Despite the higher rates of weekly jobless claims, the Labor Department’s report was otherwise positive, pushing the 10-year Treasury yield above 3% for the first time since 2011. Weekly jobless claims remain near a 50-year low.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 24,768.93 62.52 0.25% Nasdaq 7,398.30 46.67 0.63% S&P 500 2,722.46 11.01 0.41%
Now here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
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Money Morning Insight of the Day
Right now, The Walt Disney Co.‘s (NYSE: DIS) potential $52 billion acquisition of most of Twenty-First Century Fox Inc. (Nasdaq: FOX.A) is in doubt. The question is, what are you going to do about it? Money Morning Special Situation Strategist Tim Melvin explains that you can make 10 times on your money when this deal falls apart. He shows you how, right here.
The Top Stock Market Stories for Thursday Wal-Mart Stores Inc. (NYSE: WMT) leads a busy day of earnings reports on Wall Street. Analysts projected the retail giant would report earnings per share of $1.12 on top of $120.1 billion in revenue for the first quarter. The firm beat profit expectations by $0.02 and easily topped revenue expectations thanks to stronger online sales. Wal-Mart stock had declined by roughly 13% heading into the report since Jan. 1.
Crude oil prices continue to remain in focus after Brent