April 13, 2023
US500 Trades Sideways After Claims Data
- Jobless claims: 239k vs 230k expected (228k previously)
- Continuing Jobless Claims: 1810k vs 1814k expected (1823k previously)
Jobless Claims data came slightly worse than expected by analysts. The labor market remains tight, despite the recent weakening of macroeconomic indicators.
US500 index trade sideways after Jobless Claims publication with no significant reaction. The price continues to trade in a consolidation range between 4100 and 4172 points. Source: xStation5