Jobless Claims and Retail Sales 06/11/09

Jobless Claims data came much better than expected. It fell by 24K to 601,000. The consensus was 625,000. Although, companies still are not looking forward to hire new labor, they cease the lay offs. The news did not have an impact on the market.

Meanwhile, retail sales, less auto sales, data recovered for the latest slump of 0.4% decline in April to 0.5%gain in May. Gasoline sales was the main leading factor, sales up 3.6%, followed by building materials, up 1.3%, and heath care, up 0.7%.

There comes the opening bell!

All the major indices are trading higher in the first 10 minutes of the trading. S&P 500 is at 941.44. Consumer staples leads S&P, up 1.29%. Energy is coming right behind, up 0.91%.

Treasury yield are also trading higher today. 2-year,5-year,10-year and 30-year treasury yields are all in green, up, 1.37, 2.94, 3.98, and 4.81 respectively.

CBOE volatility index (VIX) is trading at 27.44. VIX had a year high of 57.36 and year-low of 26.57.

Dollar is having a choppy day. It is last quoted at 80.01.