NEW YORK (Reuters) - Wall Street was poised to break its three-day losing streak on Thursday after weekly claims for unemployment benefits fell below a key level for the first time since early April, but the session was predicted to be volatile ahead of a key vote later in the day on a bill to cut the U.S. deficit.
New U.S. claims for jobless benefits fell more than expected last week, dropping below 400,000 for the first time since early April.
"What we're seeing is that the claims levels are returning to their more normal level, which is in a positive direction," said Patrick O'Keefe, director of economic research at J.H. Cohn in New York.
via news.yahoo.com
