Schaeffer's Opening View Weekly jobless claims fell more than expected last week
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| | | 8/22/2019 | |
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| Stock Futures Higher Ahead of Fed Symposium | | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are trading modestly above fair value, with the blue-chip index set to build on yesterday's retail-focused rally. The Fed's annual symposium in Jackson Hole, Wyoming, will kick off later today, where Fed presidents will comment on the global economy. Investors will be eager for any details about U.S. monetary policy, especially after the Fed's July meeting minutes reiterated Fed Chair Jerome Powell's stance that the recent rate cut was not part of a "pre-set course." Elsewhere, weekly jobless claims declined more than expected last week. Continue reading for more on today's market, including: - Signal says Burlington stock could join retail rally.
- Analyst: This biotech stock could double.
- CyberArk stock just locked up its fourth straight win.
- Plus, Dick's is the latest retail winner; bull notes galore for Target; and post-earnings bear notes pour in for Pure Storage.
| | >> Continue reading... | |
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