Stock futures up ahead of unemployment claims
by DANIEL WAGNER,AP Business Writer
May 19, 2011 | 838 views | 0 0 comments | 4 4 recommendations | email to a friend | print
NEW YORK (AP) — Stock futures are pointed higher as traders await economic reports that could signal the relative strength of the U.S. economic recovery.

Ahead of the opening bell, Dow Jones industrial average futures are up 39 points, or 0.3 percent, at 12,571. Standard & Poor's 500 index futures are up 4, or 0.3 percent, at 1,343. Nasdaq 100 futures are up 6 points, or 0.3 percent, at 2,368.

The Labor Department reports ahead of the market opening on the number of new unemployment claims last week. Economists expect a decline to 420,000 from 434,000.

Reports are also due on existing home sales and leading economic indicators.

Sears Holding Corp. reports that softer sales at its Kmart and Sears stores caused a first-quarter loss of $1.58 per share, worse than analysts expected. The results signal persistent weakness in the U.S. consumer recovery.
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