US Initial jobless claims 219K vs 224K estimate

• Prior week 220K
• Initial jobless claims 219K vs 224k estimate
• 4-week moving average 226.5K vs 225.5K estimate
• Prior week continuing claims 1.874M revised to 1.864M
• Continuing claims 1.910M vs 1.880M estimate
• 4- week moving average of continuing claims 1.878M vs 1.880M last week.

Steady as she goes.

Stocks are lower in premarket

• Dow -220 points
• S&P -25 points
• Nasdaq -102 points

Some interesting facts

• 57 times the S&P has closed at record levels in 2024.
• Apple is closing on a $4T value. The market value is currently at $3.86T.

This article was written by Greg Michalowski at www.forexlive.com.