The Good News in Today's Jobless Claims Report:
Paul Nolte's comments on non-seasonally adjusted initial claims added in this update.
BOSTON (TheStreet) -- Investors are less concerned about Europe's debt crisis and more worried about the U.S. economy after initial jobless claims crept up to the 400,000 level and retail sales were weaker than economists had predicted.
Those concerns outweighed successful bond auctions by Italy and Spain, with U.S. stocks giving up early gains, falling into negative territory after the unexpected increase in jobless claims. Investors, it seems, are back to worrying about the U.S. economy.
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