USA Continuing Jobless Claims 1,867 Vs 1,860K Est.; 1,847 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's continuing jobless claims have risen to 1,867K, slightly above the estimated 1,860K and the previous 1,847K. This indicates a slight increase in unemployment claims, which could impact market sentiment.
July 18, 2024 | 12:30 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the slight increase in continuing jobless claims, which came in higher than expected.
The increase in continuing jobless claims suggests a slight rise in unemployment, which can negatively impact market sentiment and lead to short-term volatility in SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80