May 09, 2013 (MarketNewsVideo.com via COMTEX) -- The markets were heading lower into the close, snapping a streak of consecutive up days, despite the positive economic report from the Labor Department this morning. The report noted that fewer Americans filed for first time unemployment benefits last week, with claims down 4,000 to a seasonally adjusted 323,000 last week. Economists were expecting claims to jump to 335,000.
On the earnings front, Dish Network (DISH) missed first quarter earnings expectations, sending shares lower today. The satellite company has been struggling with the rising cost of programming. Among retailers, Zumiez (ZUMZ) and Ross Stores (ROST) posted better-than-expected same store sales in April.
Tomorrow, we'll take a look at the ArcelorMittal (MT) as well a wrap up of the week's top stories.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201305DWrap050913&mv=1.
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