Market Wrap: Initial Claims Fall to 280k; 'The Interview' to Debut; Vornado to Spin Urban Edge - InvestingChannel

Market Wrap: Initial Claims Fall to 280k; ‘The Interview’ to Debut; Vornado to Spin Urban Edge

Market wrap for December 24th

End of the Day: S&P 500 down 0.2 to 2,081.99; Dow Jones up 6.3 to 18,030.46; Nasdaq up 8.1 to 4,773.47

* In the week ending December 20, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 9,000 from the previous week’s unrevised level of 289,000. (The Street was looking for a reading of 290,000.) The 4-week moving average was 290,250, a decrease of 8,500 from the previous week’s unrevised average of 298,750.

* Actavis (NYSE: ACT) and Adamas Pharmaceuticals Inc. (Nasdaq: ADMS) announced that