New all-time highs for both the Dow Industrials and the S&P 500 every day this week and the market opened today little changed after news that first time claims for unemployment last week fell by 2000 and are now at the lowest level since 2008.
Asian markets were weak overnight after a report that food prices in China jumped by 4%. We watch China because inflation there may cause their government to slow the economy which has direct impact on companies here.
In earnings news dairy company Dean Foods stock was fractionally higher after the company reported better than expect results and reaffirmed their guidance while Dish Network dropped 2.5% after they reported disappointing earnings that were hurt by higher programming costs.
The Dow opened – 4
At the close:
DOW -22 to 15082
S&P 500 -6 to 1626
NASDAQ -4 to 3409
OIL -.65 to 96
GOLD -15 to 1458



