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Wall Street set to fall for third day after jobless data

March 29, 2012

New U.S. jobless claims fell last week, according to a government report, but still came in below forecasts.

After a period of improvement, some analysts said the jobs numbers showed signs of stalling, a worry for investors.

S&P 500 futures fell 7 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 35 points, and Nasdaq 100 futures were off 12 points.

 

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