Stocks Trade Higher Despite Aggressive Political Talk
MINYANVILLE ORIGINAL The day started out on a positive note with equity futures modestly higher before the release of this morning's economic data. Weekly initial jobless claims data showed a small decrease to 393 000 from last month's 416 000. This was marginally lower than the 395 000 consensus. This week's results showed the third straight week of lowered claims due to Hurricane Sandy. The second estimate of third-quarter GDP rose to 2.7% from the first estimate of 2.0% slightly below the 2.8% estimate. This increase was due to incoming data over the past month that showed a noticeable ...
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