WKYT | Lexington, Kentucky | News

Stocks open higher on brighter economic reports

NEW YORK (AP) - Stocks are heading higher in early trading after investors received encouraging reports on the economy.

Before the market opened Thursday, the Labor Department reported first-time claims for unemployment benefits dropped for the third time in four weeks.

The four-week average of claims, a less volatile measure, fell for the sixth straight week to 422,750. That's the lowest level since August 2008, just before the financial crisis intensified with the collapse of Lehman Brothers.

In a separate report, the government says rising imports pushed the trade deficit wider in the July-September quarter, a sign that Americans are regaining some of their spending appetite.

The government also said housing starts rose slightly last month, reversing a two-month trend. All the activity last month came from building single-family homes, which rose 6.9 percent. Apartment construction fell 9.1 percent.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 112004739 - wkyt.com/a?a=112004739
Gray Television, Inc.