Initial Claims do little to help the market

Initial Claims beat, for now (wait for the revision)

Released On 3/22/2012 8:30:00 AM For wk3/17, 2012

	Prior	Consensus	Consensus Range	Actual
New Claims - Level	351 K	352 K	348 K to 355 K	348 K
4-week Moving Average - Level	355.75 K			355.00 K
New Claims - Change	-14 K			-5 K

ES's reaction

Muted and short lived...