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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Donald Wennerstrom who wrote (11688)	9/18/2003 4:03:09 PM
From: Donald Wennerstrom	Read Replies (1) of 95541

Just another one for the record from Briefing.com. <08:39 ET Economic Review - Initial Jobless Claims : Initial claims for unemployment benefits fell 29k (vs consensus expectations of just a 12k decline) to 399k during the week ended September 13 - good news for the economy as the Labor Departtment notes the strong seasonal and holiday factors in the week. The week is also the payroll survey week as the 411k four-week average compares poorly to the 396k average of a month ago and suggests another decline in September payroll growth as layoffs continue. Continued claims rose 39K to 3.683M as the level stands just 100k below the 20-year high of late June. The weak labor market is a growing concern as the growth acceleration to date has left little effect on net hiring. Treasuries have pulled back - but just a bit - from their early-morning highs following the unexpected dip below 400k in claims; ten-year note presently up 9/32nd's in price, to yield 4.14%.> Don

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