Yesterday, the S&P 500 reached its highest mark of 2009. Early this morning, U.S. stock index futures were negative, but turned positive after the release of a couple of economic reports.
The Labor Department released its weekly initial jobless claims report at 8:30. The number of U.S. workers filing new claims for jobless benefits fell last week to 550,000. Economists were expecting a reading between 560,000 and 565,000. Continuing claims fell to 6.088 million from 6.247 million the prior week, reaching the lowest level since April. Separately, the trade deficit widened in July and imports gained by a record percentage as demand for cars, computers and oil increased.
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- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
