Stocks mixed following jobless, retail news
Stocks are mixed at opening following two disappointing pieces of economic data out this morning.
In the first 15 minutes of trading, the Dow is up less than one-tenth of 1 percent.
The broader S&P 500 is down less than one-tenth of 1 percent and the tech-heavy Nasdaq is up less than one-tenth of 1 percent.
Last week's new jobless claims and December retail numbers came out this morning.
New jobless claims filed last week jumped 11,000 to 444,000, more than the 3,000 expected, the Labor Department said, as seasonal employers made their post-holiday job cuts.
On retail, the Commerce Department said that December sales fell 0.3 percent compared with December 2008. Analysts expected a gain of 0.5 percent.
Taken together, these two stats remind us of what many of us see on a day-to-day basis: If a recovery is underway, it is wobbly and uneven.
-- Frank Ahrens
Follow me on Twitter at @theticker
January 14, 2010; 9:59 AM ET
Categories: The Ticker , Wall Street | Tags: Dow Jones, nasdaq, retail sales, s&p 500, unemployment
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