Stocks Showing Considerable Weakness On Economic Data - U.S. Commentary

E-MAILED (RTTNews) - Investors are selling stocks in morning trading as they look over a pair of troubling economic reports. Investors are also sorting though another deluge of corporate data. The data has prompted traders to lock in profits from the gains posted in the past several sessions. Earlier in the day, the Department of Labor released its report on initial jobless claims in the week ended July 19th, showing that jobless claims for the week increased by much more than economists had been anticipating. The report showed that jobless claims jumped to 406,000 from the previous week's revised figure of 372,000. Economists had been expecting jobless claims to increase to 380,000 from the 366,000 originally reported for the previous week. With the bigger than expected increase, weekly jobless claims rose to their highest... [read full story]