Stock Market Update
29-Oct-26 08:40 ET
Futures point to lower open amid heavy data slate
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -31.00. Nasdaq futures vs fair value: -395.00.
The S&P 500 futures currently trade 31 points below fair value.
The GDP deflator increased 2.2% (Briefing.com consensus: 3.5%) versus a 6.1% increase in Q2.
The September Personal Income and Spending report showed personal income increased 0.2% month-over-month (Briefing.com consensus: 0.3%) versus an upwardly revised 0.3% increase in August (from 0.2%).
Personal spending increased 0.5% (Briefing.com consensus: 0.3%) versus a 0.9% increase in August.
The PCE Price Index increased 0.5% (Briefing.com consensus: 0.5%) versus a 0.3% increase in August.
The core PCE Price Index, which excludes food and energy, increased 0.3% (Briefing.com consensus: 0.3%) versus an upwardly revised 0.3% increase in August (from 0.2%).
Initial jobless claims decreased by 1,000 for the week ending October 24 to 194,000 (Briefing.com consensus: 196,000) versus an upwardly revised 195,000 in the prior week (from 194,000).
Continuing jobless claims for the week ending October 17 decreased by 21,000 to 1.701 million versus a downwardly revised 1.722 million in the prior week (from 1.728 million).
