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Weekly Jobless Claims Come in Muted
ZACKS· 2026-01-08 17:05
Economic Data Summary - Initial Jobless Claims for the previous week were reported at +208K, slightly below the consensus of +210K, indicating a stable labor market [2] - Continuing Claims increased to 1.914 million from a revised 1.858 million, remaining below the 1.94 million level for five consecutive months, suggesting ongoing strength in employment [3] Productivity and Trade Deficit - U.S. Productivity for Q3 rose by +4.9%, surpassing the previous quarter's upwardly revised +4.1%, marking the highest level since the post-COVID economic recovery [4] - The U.S. Trade Deficit decreased to -$29.4 billion, the lowest since June 2009, with imports declining and exports, particularly in gold and pharmaceuticals, increasing [5] Stock Market Outlook - Current market indexes are negative, with the Dow down 177 points and the Nasdaq down 47 points, despite positive trading yields over the past month and year to date [6] - Anticipation surrounds the upcoming non-farm payrolls report from the U.S. Bureau of Labor Statistics [7] Consumer Credit and Company Earnings - U.S. Consumer Credit is expected to remain steady at $9.2 billion, with a report due at the market's closing [8] - Tilray Brands (TLRY) is expected to report fiscal Q3 earnings with an anticipated +86% earnings growth on relatively flat revenues, aiming for its third consecutive earnings beat [8]