Stock Market Update

The S&P 500 futures currently trade 25 points below fair value. 

Just released, initial jobless claims for the week ending December 6 increased by 44,000 to 236,000 from last week's revised level of 192,000 (from 191,000).

Continuing jobless claims for the week ending November 29 decreased by 99,000 to 1.838 million from last week's revised level of 1.937 million (from 1.939 million).

The trade deficit was $52.8 billion in September (Briefing.com consensus: -$61.7 billion) versus an upwardly revised $59.3 billion (from $59.6 billion) in August.