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Stocks appear poised for another day of losses

The Columbian
Published: June 22, 2011, 5:00pm

NEW YORK (AP) — Stocks appear to be headed to a fall at the opening of trading, ahead of a report on the number of people who filed for unemployment benefits last week.

The government will release its weekly unemployment claims report before the markets open on Thursday. Economists expect the number of people who filed first-time benefit claims will inch up slightly from 414,000 last week.

All three indexes closed lower Wednesday after Federal Reserve Chairman Ben Bernanke said problems plaguing the economy may last longer than previously thought.

Ahead of the opening bell, Dow Jones industrial average futures are down 52 points, or 0.4 percent, at 11,971. S&P 500 futures are down 7.3 points, or 0.6 percent, at 1,272. Nasdaq 100 futures are down 11 points, or 0.5 percent, at 2,218.

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