CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-05-06 09:53:02

Dow Jones, Nasdaq edge higher before jobless claims

U.S. stock index futures inched up overnight, but not by much, as traders await the latest weekly update on the number of Americans applying for jobless benefits. A report from the Labor Department will likely show initial claims fell to 540,000, from 553,000 in the previous week, suggesting the numbers are still trending downward. It would also mark a fresh pandemic low given the pick-up in economic activity.Snapshot: Unemployment is still a problem. More than 16.5M Americans were receiving jobless benefits as of mid-April, including more than 12M Americans on the federal Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation programs. Last month's non-farm payrolls report also showed the U.S. economy is more than 8M jobs short of its pre-pandemic levels, but a fresh NFP figure will be published tomorrow.On the earnings calendar, investors will get Q1 results this morning from Moderna, Regeneron, Kellogg and ViacomCBS. After the bell, reports

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.