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Stocks Open Higher as Investors Attempt Recovery

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Stocks opened higher on Thursday as investors attempted a recovery from this week's consecutive losing sessions for the Dow. According to data released Thursday, initial jobless claims increased more than expected last week, hitting their highest level since late January. Additional data posted by the Commerce Department reflected an increased in the trade deficit to $68.9 billion in February, slightly higher than the Dow Jones estimate. Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week.maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank's 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 58

Stocks opened higher on Thursday as investors attempted a recovery from this week's consecutive losing sessions for the Dow. According to data released Thursday, initial jobless claims increased more than expected last week, hitting their highest level since late January. Additional data posted by the Commerce Department reflected an increased in the trade deficit to $68.9 billion in February, slightly higher than the Dow Jones estimate.

Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week.maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank's 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 5

 

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