Stock Market Update
29-May-25 08:32 ET
Q1 GDP revised up
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +46.00. Nasdaq futures vs fair value: +272.00.
The S&P 500 futures trade 46 points above fair value.
Q1 GDP was revised up to -0.2% in the second estimate (Briefing.com consensus -0.3%) from -0.3% in the initial reading. Q1 GDP deflator was left unrevised at 3.7% in the second estimate (Briefing.com consensus 3.7%).
Weekly initial claims hit 240,000 (Briefing.com consensus 230,000) while the previous week's level was revised down to 226,000 from 227,000. Continuing claims reached 1.919 mln while last week's reading was revised to 1.893 mln from 1.903 mln.
