Stock Market Update
28-Aug-25 08:34 ET
Jobless claims and GDP data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -2.00. Nasdaq futures vs fair value: -28.00.
The S&P 500 futures currently trade two points below fair value.
Initial jobless claims for the week ending August 23 decreased by 5,000 to 229,000 (Briefing.com consensus: 236,000).
Continuing jobless claims for the week ending August 16 decreased by 7,000 to 1.954 million, with the prior figure revised to 1.961 million (from 1.972 million).
The Second Estimate Q2 GDP report showed real GDP increasing at an annual rate of 3.3% (Briefing.com consensus: 3.1%), from a 3.0% increase in the advance reading. GDP declined 0.5% in the first quarter.
The GDP Deflator increased 2.0% (Briefing.com consensus: 2.0%), unchanged from an advance reading of 2.0%. The GDP Deflator increased 3.8% in the first quarter.
