Wall Street Roundup: Jobless claims down. Strong earnings.
Jobless claims down. The number of people filing for unemployment benefits was 11,000 lower last week than the week before, but still slightly higher than analysts had expected.
Goldman may settle. Goldman Sachs may be looking to settle with the Securities and Exchange Commission after being hounded in a congressional hearing, the New York Post reports.
Greek default coming? A number of prominent economists including Martin Feldstein and Mohamed El-Erian (registration required) are predicting that despite a rescue plan for Greece, the country may soon default on its debt.
Strong earnings. Companies including Exxon, Occidental Petroleum and Motorola reported strong earnings this morning and gave the stock market a boost.
-- Nathaniel Popper in New York