Stocks open higher on drop in jobless claims

A good example of "economic noise" used to explain price action. Utter nonsense, but the association works on an emotional level, so it sells.

Stocks are opening higher, a day after suffering their worst losses in seven months.

Before the market opened Thursday, the government said first-time applications for unemployment benefits dropped last week. Claims fell to 385,000, a slightly bigger fall than economists had expected.

A separate report showed consumer prices edged higher in February. The Consumer Price Index rose 0.5 percent last month, slightly stronger than forecasts.

Source: finance.yahoo.com