Jobless Claims Near 50-Year Low - Adviser Investments

Jobless Claims Near 50-Year Low

Brian Mackey, senior research analyst at Adviser Investments, has the market analysis for Thursday, July 19. The Dow Jones Industrial Average closed down 0.5% and the S&P 500 and the NASDAQ Composite each declined 0.4%. President Trump’s critique of the Federal Reserve’s interest-rate hikes dominated headlines, with bond yields dropping immediately following his interview. We also saw weekly jobless claims data released—revealing a nearly 50-year low among people applying for benefits. This is a positive indicator for the broader economy because it implies a strong employment picture and, thus, a healthy consumer.

Recent Videos

View All Videos

Third-Quarter Outlook: Slow Growth Is Not No Growth—Earnings Still Rising

Amazon Cloud Business Revenue up 49%

Facebook Drops 10%; Amazon Gains 2%

Dan Wiener Talks Fund Managers and Tax Inefficiencies

85 Wells Avenue, Suite 109
Newton, MA, 02459

info@adviserinvestments.com 1.800.492.6868

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.