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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (947)	2/25/2010 9:37:46 AM
From: Hope Praytochange	Read Replies (1) \| Respond to of 219468

Stock futures have retreated further after an unexpected jump in jobless claims and a mixed report on durable goods orders. Futures were already falling before the reports were released on renewed concerns about Europe's economy. Major index futures are all down more than 0.8 percent. Overseas markets fell after the European Commission said economic sentiment in the 16 countries that use the euro worsened unexpectedly in February. Global markets retreated earlier this month because traders were worried Greece's debt problems would spread to other European countries and upend a recovery. The euro again fell, touching a nine-month low against the dollar. In the U.S., new economic reports provided fresh worries about employment. The Labor Department said first-time claims for unemployment insurance rose by 22,000 to a seasonally adjusted 496,000. Economists polled by Thomson Reuters had forecast a drop in claims to 455,000. It is the second straight week that claims jumped unexpectedly. High unemployment remains one of the biggest obstacles to a strong, sustained economic recovery. The Labor Department's monthly report on employment will be released next week. Meanwhile, the Commerce Department painted a mixed picture for the industrial sector. Durable goods orders rose 3 percent in January because of a jump in commercial aircraft orders. It was the biggest rise in six months for orders of goods that are expected to last at least three years. However, orders fell by 0.6 excluding volatile transportation orders. Economists had been expected those orders to rise 1 percent. Ahead of the opening bell, Dow Jones industrial average futures fell 86 to 10,269. Standard & Poor's 500 index futures dropped 10.60 to 1,093.00, while Nasdaq 100 index futures fell 16.75 to 1,797.25.