NEW YORK (AP) - Wall Street is still headed for a higher open after a government report showed a decline in unemployment claims.
The Labor Department said Thursday initial jobless claims fell by more than anticipated to 554,000 last week. Still, the claims remain near last week's 26-year high, and the four-week moving average for claims is up.
Ahead of the market's open, Dow Jones industrial average futures are up 39, or 0.44 percent, to 8,818.
Many investors have been eager for a stimulus aimed at average Americans facing an uncertain job market. The market appears pleased that President-elect Barack Obama's aides are assembling a stimulus package including new jobs and middle-class tax relief.
The plan could cost $850 billion.
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