U.S. markets set to open lower after disappointing unemployment, inflation data

“Wall Street stocks were set for a lower open on Thursday as worries about higher inflation and signs of job market weakness kept investors cautious,” Angela Moon reports for Reuters.

“The S&P index futures added to losses after data showed an unexpected rise in weekly jobless benefits claims to back above the key 400,000 level,” Moon reports. “Separately, the government said U.S. core producer prices rose slightly faster than expected in March, pointing to increased inflation pressures.”

Moon reports, “S&P 500 futures fell 8.4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 52 points and Nasdaq 100 futures lost 12.50 points.”

Read more in the full article here.

17 Comments

  1. Bring back George Bush! He can start two MORE wars costing trillions, all the while telling us we don’t actually need to pay for them. The Ronald Reagan lie: yes, you can have all the benefits of government, especially if it involves a big, fat Pentagon, and never have to pay for any of it.

    1. Quite.

      Within a few hours, this thread will be full of people pretending to be experts who will neatly ignore that these conditions are afflicting many countries in the world, especially those who sold their manufacturing birthright for the lure of lower prices.

      Some of them will blame the “left” (which is the centre in most other countries) and others will blame the “right”: in reality, the problem is that the legislative process has been on sale to the highest bidder for years and both sides have been guilty of following the money at the cost of their principles.

        1. Helped immeasurably by a decision by a highly activist US Supreme Court, which overturned a century of elections law by giving corporations unfettered access to the American elections process. Now they can legally buy the election of any Congressperson in any district. You think gasoline is expensive now, just think what will happen when Big Oil owns the rest of the lawmakers in Washington.

  2. I can’t help but note that MDN doesn’t even pretend to be “fair and balanced.” Since 2009, the ONLY time it reports general stock news is when it is negative. I guess it would be inconvenient for MDN to note that the stock market is WAY up since it crashed under a Republican president in 2008.

  3. Please post the political stuff elsewhere. It’s just distracting.

    Can’t we all agree that we disagree about politics, but that apple is super awesome… :/!

  4. And this has what relevance to Apple news other than the fact that Apple is a publicly traded company? I thought this was a site about Mac news and now, more generally, Apple product news. This is an article about the general stock market.
    I must not be bright enough to understand. Where do I go to get Apple technology news?

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