Scoreboard: Taper tilt

Wall Street rose on better-than-expected jobless figures, suggesting positive data isn’t sparking taper fears for now.

Well all that concern about Fed tapering seems to have been forgotten for the moment and Wall Street looks to be pushing higher. The bid started after a better-than-expected jobless claims report showed new claims at 325,000, down from the previous read of 344,000 and an expectation of 335,000. The four-week moving average is also low at 338,000.


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