SmarTrend Market Close Wrap-up — January 06, 2011
The major US equity indices closed mostly lower Thursday, following a report on increased applications for unemployment benefits last week, as well as weak retail sales. The Labor Department reported that 409000 people made first-time claims for benefits last week, up from 338000 in the prior week – the lowest level in over two years. The report came one day after payroll processor ADP reported that 297000 companies added jobs in the private sector, high above economist expectations of 100000. In corporate news, Nordstrom Inc.