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Investors hoping for a boost...Weekly jobless claims due

Thursday - 1/9/2014, 7:39am  ET

NEW YORK (AP) -- Investors are hoping the stock market resumes its winning ways today. It sputtered yesterday extending what has been a tentative start to 2014. The Dow lost 68 points yesterday, closing at 16,462. The S&P 500 fell a fraction of a point to 1,837. But the Nasdaq rose 12 points to 4,165. Futures point to lackluster trading at this morning's opening.

BEIJING (AP) -- International stock markets were muted today amid concern an improved U.S. economy might prompt the Federal Reserve to reduce its stimulus faster than previously expected. The dollar fell against the euro and gained against the yen. Benchmark crude oil rose to near $93 a barrel.

UNDATED (AP) -- The government will release the weekly jobless claims number today. It could be a market mover but traders are really focused on December's employment data which comes out Friday. The weekly mortgage rate report from Freddie Mac will be released today as will December sales comparisons from selected chain retailers. Also, Alcoa reports its quarterly earnings after the closing bell.

FRANKFURT, Germany (AP) -- The European Central Bank is confronting a weak recovery and low inflation as its top officials hold their monthly interest-rate meeting today. The monetary authority for the 18 countries that use the euro has already cut its benchmark interest rate to a record low 0.25 percent in an effort to stimulate growth. Analysts say the ECB probably won't take further action at this meeting, but might do so later.

SEOUL, South Korea (AP) -- The chiefs of Samsung and Apple will meet to discuss settling a bitter two year legal battle over designs and technologies of smartphones and tablets. A filing with the U.S. District court in San Jose shows that senior legal executives from Apple and Samsung agreed earlier this week that the CEOs will meet by or before Feb. 19 in response to a court order to submit a proposal for settlement discussions.


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