USA Continuing Jobless Claims 1,812K Vs 1,818K Est.; 1,810K Prior
Portfolio Pulse from Benzinga Newsdesk
USA Continuing Jobless Claims reported at 1,812K, slightly below the estimate of 1,818K but above the prior figure of 1,810K.
April 18, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may see minor fluctuations due to the latest jobless claims data, indicating a stable but slightly changing labor market.
The jobless claims data is a key economic indicator that can influence market sentiment and thus impact the SPY ETF, which tracks the S&P 500. However, the slight deviation from estimates and the previous figure suggests a minor impact, as the data does not indicate a significant change in the labor market's condition.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50