3/9/2009
NEW YORK (AP) _ Stock futures are holding on to most of
their gains following the latest report on the labor
market.
The Labor Department says the number of unemployed workers
filing for jobless benefits fell last week by 4,000 to
570,000, but that was less than the 560,000 figure the
market had been expecting.
The report comes amid mixed retail sales reports and a day
ahead of the Labor Department's report on August
employment, the most closely watched economic indicator of
the month.
Futures are up after four days of losses in the stock
market.
Dow Jones industrial average futures are up 39 at 9,316,
after being up about 67 points prior to the jobs report.
Standard & Poor's 500 index futures are up 6 at 1,000,
while Nasdaq 100 index futures are up 9 at 1,602.
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