Stocks started slightly higher this morning following successful bond auctions in Europe, but quickly turned negative as jobs numbers were released. Unemployment claims jumped to a six week high at 399,000. This rise comes as companies let go of thousands of workers hired for the holiday season. As of 10:50 am EST the Dow is [...]
More Americans filed for unemployment benefits than in previous weeks last week. 399,000 filed for unemployment claims, up from 375,000 the previous week and the highest in six weeks. This increase usually happens every year as companies let go of thousands of workers following the holiday sales season. The Labor Department tries to take this [...]
Dick’s Sporting Goods Inc. (NYSE:DKS) is up 7.83% in pre market trading at $39.25. Investors are flocking to DKS after the company announced a share repurchase program worth $200 million. Dick’s also narrowed earnings guidance range and updated their same store outlook which according to the company have been affected by the mild winter. DKS [...]