Stock Market Update
08-Jan-26 08:38 ET
Futures point modestly lower amid data heavy morning
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -7.00. Nasdaq futures vs fair value: -36.00.
The S&P 500 futures currently trade seven points below fair value.
Just released, initial jobless claims for the week ending January 3 increased by 8,000 to 208,000 (Briefing.com consensus 217,000) from last week's revised rate of 200,000 (from 199,000).
Continuing claims for the week ending December 27 increased by 56,000 from last week's revised rate of 1.858 million (from 1.866 million) to 1.914 million.
The preliminary Q3 productivity reading checked in at 4.9% (Briefing.com consensus 2.5%) from the revised final Q2 reading of 4.1% (from 3.3%).
The preliminary Q3 reading for unit labor costs came in at -1.9% (Briefing.com consensus 0.8%) from the revised final Q2 level of -2.9% (from 1.0%).
The October trade deficit narrowed to -$29.4 billion (Briefing.com consensus: -$61.3 billion) from an upwardly revised -$48.1 billion (from -$59.6 billion) in September.
