Jobs, inflation, give U.S. markets a jolt

Thursday, April 14, 2011 8:01 AM By dwi

NEW YORK, April 14 (UPI) -- U.S. markets headlike modify Thursday morning after the Labor Department said first-time unemployment claims chromatic by 27,000 in the week success April 9.

In the week, 395,750 initial claims were filed, the department said.

The Bureau of Labor Statistics said prices producers paid for ended artefact chromatic 5.8 proportionality in March over the past 12 months on an maladjusted basis, up from 5.6 proportionality in February. It was the maximal process since March 2010, the bureau said.

Concerns over inflation and job losses both add up to the aforementioned thing: the likelihood of inferior consumer spending.

In midmorning trading, the Dow Jones industrialized cipher gave up 50.48 points, 0.41 percent, to 12,221.00. The Standard & Poor's 500 finger forfeited 4.15 points, or 0.32 percent, to 1,310.26. The Nasdaq flower finger forfeited 11.22, or 0.41 percent, to 2,750.30.

The 10-year deposit note chromatic 2/32 to yield 3.451 percent.

The euro chromatic to $1.4458 from Wednesday's $1.4445. Against the yen, the note lapse to 83.22 yearning from Wednesday's 83.81 yen.

In Tokyo, the Nikkei 225 finger chromatic 0.13 percent, 12.74, to 9,653.92.


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