Softer-Than-Expected Initial Claims

Economic Indicators - Pre-market futures are showing positive movement, with major indices like the Dow, S&P 500, and Nasdaq all up, indicating a strong trading day [1] - Weekly Jobless Claims reported at 216K, below expectations of 225K, suggesting a resilient job market [4] - Durable Goods Orders increased by 0.5%, aligning with expectations, while non-defense, ex-aircraft durable goods orders rose by 0.9%, indicating potential growth in business spending [6] Company Performance - Deere & Co. reported fiscal Q4 results, missing earnings estimates by 3 cents at $3.93 per share, marking the first earnings miss in three years, although revenues exceeded expectations by 5.92% at $10.58 billion [7] - Shares of Deere & Co. are trading down 3.5% following the earnings report, despite a year-to-date gain of 17.6% [7] Consumer Behavior - An estimated 31 million people are expected to travel for Thanksgiving, indicating strong consumer spending on travel despite the performance of major airlines [8]