Jobless claims climbed by 21,000 to 311,000 in the period ended Aug. 9, the highest in six weeks, a Labor Department report showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg called for 295,000.
U.S. stocks fluctuated, after the Standard & Poor’s 500 Index had its biggest loss in a month, as investors weighed whether improving economic data will prompt the Federal Reserve to cut stimulus next week.
U.S. benchmark stock indexes extended records, while silver and gold rose, as Federal Reserve chairman nominee Janet Yellen said she wants to maintain stimulus until the economy improves. The yen and euro weakened as reports showed slowing economic growth.