Market Wrap: Initial Claims Outpace Views; RadioShack's Cash Burn Continues; Vail Resorts' Big Deal - InvestingChannel

Market Wrap: Initial Claims Outpace Views; RadioShack’s Cash Burn Continues; Vail Resorts’ Big Deal

Market wrap for September 11th

End of the Day: S&P 500 up 1.8 to 1,997.45; Dow Jones down 19.7 to 17,049.00; Nasdaq up 5.3 to 4,591.81

* In the week ending September 6, the advance figure for seasonally adjusted initial claims was 315,000, an increase of 11,000 from the previous week’s revised level. (Consensus estimates were looking for a reading of 300,000 claims.) The previous week’s level was revised up by 2,000 from 302,000 to 304,000. The 4-week moving average was 304,000, an increase of 750 from the previous week’s revised average. The previous