Futures point to a lower opening of today's session on Wall Street. Investors' attention is focused on macro readings today. In addition to claims, traders will also learn about the PMI for manufacturing and the ISM index for manufacturing.
Data:
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Create account Try a demo Download mobile app Download mobile appJobless claims: 232,000 (expected: 247.5; previous: 243,000
Continuing claims: 1.438 million (expected: 1.4375 million; previous: 1.415 million)
Very interesting situation, after the last few months of growth, the 4-week average of claims starts to fall! Source: dol.gov
The market is now pricing in a 71% chance of a 75 basis point rate hike at the Fed's September meeting. Source: Bloomberg
US index quotes. Source: xStation 5
Compiled charts of the US100 index and VIX on the D1 interval. The benchmark of technology companies is losing before the US market opens. The VIX fear index is gaining nearly 2.5% today. Source: xStation 5
News:
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Nvidia (NVDA.US) and Advanced Micro Devices (AMD.US) stocks are losing early in the session due to chip and semiconductor export restrictions to China.
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Hormel Foods (HRL.US) shares lose nearly 4.2% before the market open due to mixed financial results and earnings forecasts
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Source: Bloomberg
Information from US companies. Source: Bloomberg
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