It’s All About Claims: New Claims Come In Below One Million, Beating Analysts’ Estimates

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Getty Images
Key Takeaways:

  • Initial jobless claims total 963,000, well below expectations for 1.1 million
  • Cisco shares take a beating in pre-market action as guidance disappoints
  • Tech closely watched after recovery yesterday following several down days

Some welcome news on the jobs front might give stocks just enough support today to push them toward another test of record highs.
Initial jobless claims last week totaled 963,000, the government sa…

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