The three major U.S. stock indices have been back and forth in Thursday morning trading; opening high with rising commodity prices and basic material gains only to be pulled down overall by reports of high unemployment. At 8:30 AM EST new figures suggesting initial unemployment claims of 473,000, up 31,000 exceeded analyst expectations of 438,000, and renewed concerns about the 9.7 percent rate, which the Fed expects to fall only marginally in 2010.
Also weighing on the market is recent figures indicating corporate revenues have dropped.
Even still, the Dow Jones Industrial Average rose 19.05 points, or 0.18 percent, to 10,328.29 while the S&P 500 Index gained 0.81 points, or 0.07 percent, to reach 1,100.132. The Nasdaq also experienced minor gains of 4.11 or 0.18 percent to trade at 2,230.4
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