Stocks are trading slightly higher today after recent declines due to ongoing euro zone problems. A better than expected jobless claims report has investors feeling a bit better today and has kept their minds away from Europe. Weekly jobless claims fell 1,000 to a seasonally adjusted 367,000. Analysts were expecting a slight increase to 369,000.
Fed Chairman Ben Bernanke said the financial sector including banks have improved, but could still do more. Bernanke did not say anything about monetary policy in prepared remakrs at a Chicago banking conference.
The Dow is up 42 points, the Nasdaq is down 0.30 points and the S&P 500 is up 5 points. [Read more...]