USA Continuing Jobless Claims 1,670K Vs 1,675K Est.; 1,658K Prior
Portfolio Pulse from Benzinga Newsdesk
The USA continuing jobless claims came in at 1,670K, slightly below the estimated 1,675K but higher than the prior figure of 1,658K.
September 28, 2023 | 12:31 pm
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NEGATIVE IMPACT
The slight increase in jobless claims could potentially impact the overall market sentiment, which is reflected in ETFs like SPY.
Jobless claims are a key economic indicator. A higher than expected number can signal a weakening economy, which can negatively impact the overall market sentiment. This, in turn, can affect the performance of ETFs like SPY that track the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75