US stock futures rise ahead of unemployment claims

US stock futures rise before unemployment claims report; Cisco jolts tech sector

Associated Press
Dow breaks 6-day losing streak, barely
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In a May 17, 2012 photo specialist Stephen D'Agostino works at his post on the floor of the New York Stock Exchange. Wall Street is poised for another retreat at the open following six straight days of losses — the Dow Jones industrial average was down 0.3 percent, while the broader S&P 500 futures fell 0.1 percent. (AP Photo/Richard Drew)

NEW YORK (AP) -- U.S. stock futures rose ahead of a government report on weekly jobless claims.

The Dow Jones industrial average is up 39 points to 12,834. The Standard & Poor's 500 is up 7.6 points to 1,358.60. The Nasdaq composite index is up 8.75 points to 2,628.

The number of people applying for unemployment benefits is expected to rise by 5,000, but those numbers, in light of recent growth, suggest modest job gains continue.

There have been growing concerns, however, that momentum may be fading. Job growth stumbled over the past two months after the strongest start to a year since the recession ended in the summer of 2009.

On the corporate front, Cisco Systems Inc. posted strong earns late Wednesday, but jolted the tech sector with a grim outlook.

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