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U.S. Stocks Flat at Open Thursday

By Rebecca Davis on October 7, 2011 11:32 am in Latest News, Stock News / no comments

U.S. stock index futures opened flat on Thursday following two days of growing U.S. stock market fueled by data on American labor market and European efforts to work out a working plan to save trouble-hit local banking system. U.S. labor market data signaled a positive trend after new claims for unemployment benefits stood below expectations while European Commission President Jose Manuel Barroso announced the EU policymakers are close to propose a coordinated recapitalization of banks to provide a solution to recent sovereign debt crisis across Europe.

US Stocks

Jean-Claude Trichet, the President of the European Central Bank, told journalists that the economic outlook remains subject to intensified downside risks, while high uncertainty undermines European leaders’ efforts to stabilize the region’s banking system. European equities were under pressure and helped the S&P 500 stock index gain momentum in the past two days. During the trading day, U.S. stock rose higher in volatile trading with the S&P 500 index gaining 0.4 percent on news out of Europe.

The market is expecting data on U.S. non-farm payrolls to be released on Friday with preliminary reports showing a return to growth after flat growth in August.

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Rebecca Davis began her career in journalism 10 years ago. Her passion includes a wide range of topics that include music and movies. With a forward vision on delivering accurate content to her readers about the hottest entertainment topics, you can be certain that Ms. Davis will focus on the issues that are important for you. Ms. Davis does hold a degree in Journalism and feels that painting the full picture on any story is essential. When she began her career, she was a general news reporter and then quickly moved on to the Entertainment columns. With her experience, she is able to deliver a quality article that you can count on. During her time as an entertainment writer she has worked on everything from reviews to celebrity interviews. Her articles are gripping and honest and this is one of the reasons why she has achieved a strong readership level over the years. With a wide range of experience, she continues to grow her experience levels with a focus on expanding her career in new directions. When Davis isn't working on breaking entertainment news, she can be found working on other personal interest stories. In recent years, she has worked on relationship advice, suicide prevention and how to handle domestic violence with loved ones. Her vast experience of knowledge has helped her to become recognized as a socially conscious individual who has quickly become a trusted individual. If you have any questions for Ms. Davis or have information on a breaking story, please take the time to contact her.