Today the stock market is set to get off to a good start as investors anticipate positive numbers from the labor market and inflation statistics.
The Consumer Price Index is expected to be up 0.1%, once you exclude food and energy costs. If you add those core sectors back in, the CPI is expected to be down 0.1%.
Jobless claims fell by 2,000, which I don't think is a pretty percentage, but it does represent a decline that probably has nothing to do with the 2010 US Census.
Another piece of good news that you've seen me talk about before is that BP has decided to cancel their dividend. This was truly the only logical and ethical thing to do and I am glad to see it happening. My only wish is that they had stepped up to do this sooner instead of leaving everyone in limbo for so long. It would have been a real chance to improve their public image.
What stock news are you watching and waiting for today?
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