Stock Market Update
06-Aug-26 08:37 ET
Initial jobless claims and Q2 productivity
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -5.00. Nasdaq futures vs fair value: -231.00.
The S&P 500 futures currently trade five points below fair value.
Just released, the preliminary reading for Q2 productivity checked in at 1.4% (Briefing.com consensus 0.8%), from the upwardly revised Q1 reading of 0.8% (from 0.3%).
The preliminary Q2 unit labor cost reading registered at 1.3% (Briefing.com consensus 1.7%), from the downwardly revised Q1 reading of 1.3% (from 1.8%).
Initial jobless claims for the week ending August 1 increased by 1,000 to 199,000 (Briefing.com consensus: 200,000) from the upwardly revised prior level of 198,000 (from 197,000).
Continuing jobless claims for the week ending July 25 increased by 24,000 to 1.801 million from the downwardly revised prior level of 1.777 million (from 1.782 million).
