Stock futures climb on drop in unemployment claims

With recent economic reports showing moderate economic growth, stocks are set to finish the month of September in a strong way. Investors have been biding up stocks in response to the slight growth of the economy and recent news from the labor department that first-claims for unemployment benefits last week fell more than economists expected. This is a continuation of the steady drop in claims to unemployment benefits from previous weeks, which might suggest that job growth is coming sooner rather than later. However, businesses are still reluctant to invest and hire additional employees due to the possible tax changes that would occur under the new health care and regulatory reforms.
While September will show stocks are rising, not all traders are convinced that the investment climate is safe enough to bid up stocks. These traders have turned to less risky investments like 10-year Treasury notes and Gold.