#MARKETS ‘ Stocks gain as European central bank says it’s ready to act ‘

#AceMarketsNews Sept.03: Stocks are closing mostly higher as markets regain their footing after a turbulent few weeks.

The Dow Jones industrial average edged up 23 points, or 0.1 percent, to 16,374 Thursday.

The Standard & Poor’s 500 index rose two points, also 0.1 percent, to 1,951. The Nasdaq composite slipped 16 points, or 0.4 percent, to 4,733.

European markets rose broadly.

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MARKETS: ‘ Euro falls on ECB outlook; U.S. stocks pare gains’

#AceNewsReport – NEW YORK (Reuters):Sept.03: The euro fell 1 percent on Thursday on a darkening euro zone outlook, while U.S. stocks pared sharp early gains as investors grew cautious ahead of Friday’s key jobs report.

Stocks rallied earlier following European Central Bank President Mario Draghi’s pledge to beef up or prolong the bank’s economic stimulus if necessary.

The comments came as the bank cut its inflation and growth forecasts for the euro zone, which weighed on the euro.

Euro falls on ECB outlook; U.S. stocks pare gains

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Initial Jobless Claims Jumps Most In 2 Months – Unchanged Since End Of QE3

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#AceNewsReport – Sept.03: Initial jobless claims have risen for 5 of the last 6 weeks with the last week showing a 12k rise to 282k. This is the biggest weekly rise in 2 months and raises the claims print overall to 2-month highs. Perhaps most remarkable is that initial jobless claims are now back up to unchanged since the end of QE3.

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Charts: Bloomberg

Original Article: http://www.zerohedge.com/news/2015-09-03/initial-jobless-claims-jumps-most-2-months-unchanged-end-qe3

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