Stock Market Update
26-Jun-25 08:37 ET
Q1 GDP revised down; initial claims drop; durable orders jump
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +25.00. Nasdaq futures vs fair value: +117.00.
S&P 500 futures are currently trading 25 points above fair value.
Weekly Initial Claims 236K vs. 247K Briefing.com consensus; prior revised to 246K (from 245K). Weekly Continuing Claims 1.974 mln --- prior revised to 1.937 mln from 1.945 mln.
Durable goods orders rose 16.4% in May (Briefing.com consensus 6.6%) and durable goods orders, excluding transportation, increased 0.5% in May (Briefing.com consensus 0.1%).
GDP was down 0.5% in the third estimate for Q1 (Briefing.com consensus -0.2%). The GDP Price Deflator was up 3.8% in the third estimate for Q1 (Briefing.com consensus 3.7%).
The advance goods trade deficit reached $ 96.6 bln in May, up from a revise $87.0bln (from $87.6 bln) deficit in April.
Advance Retail Inventories were up 0.3% in May after falling a prior unrevised 0.1% in April while advance Wholesale Inventories were down 0.3% in May after a prior 0.1% increase in April (from 0.2%).
