Stock Market Update
19-Mar-26 09:14 ET
Futures point to lower open as rate cut expectations get pushed back
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -54.00. Nasdaq futures vs fair value: -226.00.
The stock market is on track for another lower opening this morning as the market wrestles with rising oil prices and severely depleted odds of any easing from the Fed this year.
Initial jobless claims for the week ending March 14 decreased by 8,000 to 205,000 (Briefing.com consensus: 215,000). Continuing jobless claims for the week ending March 7 increased by 10,000 to 1.857 million.
The key takeaway from the report is that the low level of initial jobless claims will keep the Fed preoccupied for now with the inflation side of its mandate, which is to say it won't be inclined to cut rates.
