Stock Market Update
31-Jul-25 08:40 ET
June PCE data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +61.00. Nasdaq futures vs fair value: +312.00.
The S&P 500 futures currently trade 61 points above fair value.
Personal income increased 0.3% month-over-month in June (Briefing.com consensus 0.3%) following an unrevised 0.4% decrease in May.
Personal spending increased 0.3% (Briefing.com consensus +0.4%) following an upwardly revised flat reading (from -0.1%) in May.
June PCE Prices increased 0.3% (Briefing.com consensus 0.3%) after an upwardly revised 0.2% increase (from 0.1%) in May.
June Core PCE Prices increased 0.3% (Briefing.com consensus 0.3%) after an unrevised 0.2% increase.
Initial jobless claims for the week ending July 26 increased by 1,000 to 218,000 (Briefing.com consensus: 220,000).
Continuing jobless claims for the week ending July 19 remained at 1.946 million; the prior level was revised to 1.946 million (from 1.955 mln).
The Q1 Employment Cost Index was up 0.9% (Briefing.com Consensus 0.8%) for the three-month period ending in June 2025, following a 0.9% increase for the three-month period ending in March 2025.
