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U.S. weekly jobless claims fell to 189,000, the lowest level in over 50 years, pointing to an exceptionally tight labor market. The reading gives the Federal Reserve less reason to cut interest rates in the near term. Markets will watch whether this low holds in coming weeks.
The Dow moved higher Thursday after weekly jobless claims surprised to the downside, signaling labor market resilience. TSMC shares declined, pressuring semiconductor stocks. Netflix earnings after the close are the session's primary catalyst, with ad-tier revenue and subscriber trends under scrutiny.
Tag
U.S. weekly jobless claims fell to 189,000, the lowest level in over 50 years, pointing to an exceptionally tight labor market. The reading gives the Federal Reserve less reason to cut interest rates in the near term. Markets will watch whether this low holds in coming weeks.
2mo ago · 1 min · Economy
The Dow moved higher Thursday after weekly jobless claims surprised to the downside, signaling labor market resilience. TSMC shares declined, pressuring semiconductor stocks. Netflix earnings after the close are the session's primary catalyst, with ad-tier revenue and subscriber trends under scrutiny.
2mo ago · 1 min · Markets
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