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Pre-Market Primer: Mixed Financial Earnings; Jobless Claims Drop
Stocks are likely to open higher after some positive economic data and corporate earnings. Initial claims for unemployment insurance last week fell to 335 000 from the previous week's of 371 000. Economists expected a more moderate drop to 368 000. A separate report showed that builders broke ground on homes at a seasonally adjusted annualized rate of 954 000 in December 2012 beating estimates. Later this morning The Philadelphia Fed's business conditions index for this month will likely show a 2.1 point drop to 6. Stock futures pointed to a higher open this morning. Dow (INDEXDJX:.DJI) futures were ...
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