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Midday Market Report: 2/23

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  • Description

    New government report shows weekly jobless claims hold flat at 351,000 as expected

  • Duration 1:34
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The markets look to be in for a general up trading day ignoring new reports of recession coming to Europe and focusing instead on better jobless numbers.

The government reporting that new weekly jobless claims held flat at 351000.

Instead of rising as expected.

-- stock index dropped -- yesterday after three update but it remains tantalizingly close to the thirteen thousand mark.

Hi it hasn't hit him for years and it's up 6% in the first two months of these.

The first new prescription pill for weight loss in fifteen years could win approval in April and FDA advisory panel recommending approval of Q next up from -- -- -- It combines a Johnson & Johnson drug for migraine headaches total -- -- -- That's the saint half of the fin -- and held -- his redux which got yanked from the market in 1997.

On reports of heart valve damage.

And the FTC looking at slapping a speeding ticket.

On high frequency traders SEC chairman.

Mary Shapiro saying she's worried that the high freak freaks are fueling volatility in the stock market.

-- may impose a new fee on a common high -- technique of placing thousands of buy and sell orders and executing only 10% of the trades.

High frequency traders got blamed in the market crack in May 2010 when prices drop hundreds of points in minutes -- -- For more the day's top stories while on to foxbusiness.com.

In New York I'm Dennis --

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