Source Pravda.Ru

U.S. jobless claims’ decrease implies economic growth

U.S. share index futures increased revenue as initial claims decreased last week. This impelled assumption that the economy will avoid a recession.

Jobless claims dropped by 9,000 to 348,000 in the week ended Feb. 9, from a reviewed 357,000 a week earlier.

Standard & Poor's 500 Index futures expiring in March climbed 3.5 to 1,367.2 at 8:35 a.m. in New York . Standard & Poor's operates as a financial services company. Its products and services include credit ratings, equity research, S&P indices, funds ratings, risk solutions, governance services, evaluations, and data services.

Dow Jones Industrial Average futures added 20 to 12,545.

U.S. jobless claims’ decrease implies economic growth
U.S. jobless claims’ decrease implies economic growth
The Dow Jones Industrial Average is one of several stock market indices created by nineteenth century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.

Nasdaq-100 Index futures increased 6.25 to 1,826.50. The NASDAQ-100 is a stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange.

Earlier gains were sparked by faster-than-expected Japanese economic growth, which lifted commodities producers and technology companies. Stocks in Europe and Asia gained.

Exxon Mobil Corp. and Chevron Corp. climbed as oil advanced for a second day. Yahoo! Inc. rose after discussions about uniting some operations with News Corp. fueled speculation that Microsoft Corp. may need to boost its dollar 44.6 billion bid for the most-visited U.S. Web site. Comcast Corp., the largest U.S. cable company, rallied on earnings that topped estimates.