Jobless Claims Fall to New Pandemic Low

The stock market had a terrible close yesterday. At 2 pm, the S&P 500 was at 4,449. Two hours later, at closing time, it was at 4,400. This morning, the index is on track for its third fall in a row.

The good news is that the jobless claims report was pretty good. Claims fell to 348,000. That’s a new pandemic low and it’s down 29,000 from the week before. Wall Street was expecting 365,000.

The earnings report from Ross Stores (ROST) is due out after the close. Wall Street expects earnings of 94 cents per share.

Posted by on August 19th, 2021 at 10:25 am


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