Breakfast Bites: Stocks trading cautiously in positive territory as weekly jobless claims that rose to its highest level since January is keeping a mixed bag of earnings releases in check
- The Chicago Fed’s National Activity Index decreased to -0.29 led by production related indicators
- More Americans than forecast filed applications for unemployment last week, a sign that the labor market is taking its time to improve. Jobless Claims for the week ending 4/21 was 388,000 vs the consensus 375,000.
- Consumer Confidence in the U.S. dropped last week by the most in more than a year (-35.8) as perceptions of personal finances and the buying climate dimmed.
- Signed contracts to buy U.S. Homes rose by 4.1%, more than forecast in March as low interest rates drew buyers back into the market.
- Euro zone economic sentiment fell more than expected in April, driven by more pessimistic industry and services sectors, European Commission data showed, as the economy sinks into recession.