Initial jobless claims rise less than expected (DIA, SPX, SPY, QQQ, TLT, IWM)

pink slip jobless claims fired

Initial jobless claims rose less than expected last week to 267,000. 

Expectations were for the report to show claims totaled 270,000 last week, up from the prior week’s 255,000 print, which was the lowest in over 40 years. 

The 4-week moving average of claims also fell this week, to 274,750 from 278,000. 

In a note to clients on Thursday, Steve Englander at Citi said anything under 275,000 today would supportive of a sooner rather than later rate hike; anything above 285,000 would be seen as “soft.”

More to come … 

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