Outlook 08/12: U.S. stock futures point to balanced open after the initial jobless claims declined for the third consecutive week as the U.S. labor market continues its recovery from last year’s recession. There were 375,000 claims last week, matching estimates from economists. Jobless claims numbers have come down sharply since the spring as the economy has recovered, and they have settled near the 400,000 level in recent weeks. The four-week average is now 396,250 initial claims. The latest jobless claims report, comes after the July jobs report showed a bigger-than-expects gain in employment.
/ESU21: YVAH 4442 YPOC 4438 YVAL 4434 GAP 4440
/ES Plan: Yesterday market closed bullish, but overnight looks more balanced after printing new ATH-ON, so these're the opening and initial balance options for today:
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