Good morning! For Thursday, May 21, U.S. stock futures forecasted a 17-point decline from yesterday's close. This morning, U.S. jobless claims remained at a near 15-year low. Claims registered at roughly 274,000, a little higher than economist expectations of 271,000.
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The Lumber Liquidators (NYSE: LL) scandal mirrors the Chinese drywall scandal - companies cutting corners to cut costs.
But LL's founder Tom Sullivan is adamant his company did nothing wrong, nor did it break any regulation or law.
Stock market news today, July 10, 2014: At its worst, the Dow Jones was down 180 points intraday. The Chicago Board Options Exchange Volatility Index (VIX), typically known as the Fear Index, jumped more than 5% this afternoon.
On the jobs front, the number of Americans seeking unemployment benefits reached a seven-year low.