Why We Should Take Jobless Claims, Pending Home Sales Data 'With A Grain Of Salt' - Presented by: The Aol. On Network

Jason A. Weisberg of Seaport Securities weighs in on  Wall Street's climb on Thursday after optimistic data revealed pending home sales soared in May, while fewer Americans filed claims for unemployment benefits last week. Contracts to purchase previously owned U.S. homes beat expectations and hit a six-year high in May as the National Association of Realtors said on Thursday its Pending Home Sales Index increased 6.7 percent to 112.3, the highest level since December 2006. Initial claims for



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