BREAKING: US jobless claims data much higher, US500 with no reaction!

Jobless claims: 245k vs 240k expected (239k previously)

Jobless Claims data came slightly higher than expected by analysts. The labor market is starting to weaken, which is a strong signal to the Fed that interest rate hikes are starting to affect the labor market.

US500 declined below 4172 points form resistance level and is trading at $4147 points, alfter jobless claims data release there was no reaction in index price.

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