🚨BREAKING🚨🇺🇸 U.S. WEEKLY JOBLESS CLAIMS:ACTUAL: 229,000ESTIMATED: 231,000 ...

🚨BREAKING🚨🇺🇸 U.S. WEEKLY JOBLESS CLAIMS:ACTUAL: 229,000ESTIMATED: 231,000 ...

💥BREAKING:🇺🇸 United States Initial Jobless Claims $USD- Actual: 229K- Expected: 231K- Previous: 234K https://t.co/DpsV2E5KAe ...

Economic Indicators - Initial Jobless Claims rose to 235K, exceeding expectations by 10K and increasing by 11K from the previous week, marking the highest level since June [2] - Continuing Claims approached 2 million, reported at 1.972 million, the highest since November 2021 [2] - The Philly Fed Manufacturing survey showed a negative reading of -0.3, significantly lower than the expected 7.0 and the previous month's 15.9, indicating a decline in manufacturing output [3] - New Orders fell to -1.9, a decrease of 20 points month over month, while Shipments remained positive at 4.5 [3] Company Earnings - Walmart reported Q2 earnings of 68 cents per share, slightly below the Zacks consensus by 5 cents and only a penny above the previous year's earnings, with revenues of $177.4 billion, surpassing estimates by 1% [4] - Walmart revised its revenue guidance higher for the full fiscal year despite the mixed results [4] Market Expectations - Flash S&P Services and Manufacturing PMI for August are anticipated to cool down, with Services expected at 55.0 and Manufacturing at 49.5 [5] - Existing Home Sales for July are projected to decrease to 3.91 million annualized units from 3.93 million the prior month [6] - U.S. Leading Economic Indicators (LEI) are expected to improve to -0.1% for July from -0.3% in June [6] Upcoming Earnings Reports - Earnings season continues with companies like Zoom Communications, Workday, Ross Stores, and Intuit expected to report quarterly earnings, with Intuit projected to achieve a year-over-year earnings growth of 33% [7]

🚨BREAKING🚨🇺🇸 U.S. WEEKLY JOBLESS CLAIMS:ESTIMATED: 226,000ACTUAL: 235,000 ...

Economic Data Impact - Major economic data released this morning has significantly affected trading futures, with the Dow dropping from +3 points to -180 points, the S&P 500 from -1 to -30 points, and the Nasdaq from +7 to -140 points [1] - The small-cap Russell 2000 has also declined, giving up most of its previous gains, down -36 points [1] Producer Price Index (PPI) - Headline PPI increased by 90 basis points from 0.0% last month to +0.9% for July, indicating a rise in wholesale inflation [2] - Core PPI, excluding food and energy, also rose by 90 basis points month over month, reaching +0.6%, which is significantly above expectations and the highest levels since 2022 [2] - Year-over-year, July's headline PPI is at +3.3%, up from an upwardly revised +2.4% for June, marking the highest since February [3] - Core PPI year-over-year increased by +1.1% to +3.7%, the highest level since March, while ex-food, energy, and trade rose by 30 basis points to +2.8% [3] Jobless Claims - Weekly Jobless Claims reported a decrease of -3K to 224K, remaining below 230K for six consecutive weeks [5] - Continuing Claims are at 1.953 million, down -15K from the previous week, maintaining above 1.9 million for 12 straight weeks [6] - Longer-term claims have remained just below 2 million since mid-April, with a notable increase of +120K from mid-April to late May [7] Earnings Reports - Deere & Co. reported fiscal Q3 results with earnings of $4.75 per share, beating consensus by +7.8%, and revenues of $10.36 billion, exceeding expectations by +1% [8] - Despite outperforming, Deere's full-year guidance was softer than anticipated, leading to a -6% decline in shares [8] - Chinese firms also reported earnings, with JD.com achieving a +38% positive surprise at 69 cents per share, Weibo surpassing estimates by +100% to 54 cents, and NetEase exceeding expectations by 3 cents to $2.07 [9] - JD, Weibo, and VIPS saw gains in pre-market trading, while NTES experienced a -6% decline [9]

Labor Market - US jobless claims totaled 224,000, slightly below the expected 225,000 [1] - US jobless claims decreased from the previous week's 227,000 [1]

Economic Indicators - Initial jobless claims came in at 224,000, slightly below the expected 225,000 [1] - The actual jobless claims were approximately 0.44% lower than expected [1]

RT Crypto Rover (@rovercrc)💥 BREAKING:🇺🇸 IMPORTANT US ECONOMIC DATA TODAY.- Core PPI: 0% previous vs 0.2% expected- US Initial Jobless Claims: 226K previous vs 228K expectedVOLATILITY INCOMING! https://t.co/gHF5g2mj9b ...

Labor Market Data - US initial jobless claims actual value is 226 thousand, exceeding the expected 221 thousand [1] - US initial jobless claims increased from the previous week's 219 thousand [1]