Stock Market Update

The S&P 500 futures currently trade in line with fair value. 

The index for final demand increased 0.9% month-over-month in July (Briefing.com consensus: 0.2%) following an unrevised reading of 0.0% in June.

The index for final demand, less foods and energy,  increased 0.9% month-over-month (Briefing.com consensus: 0.2%) following an unrevised 0.0% in June.

The index for final demand was up 3.3% year-over-year, versus a revised 2.4% in June (from 2.3%), while the index for final demand, less foods and energy, was up 3.7% year-over-year, versus 2.6% in June.

Initial jobless claims for the week ending August 9 decreased by 3,000 to 224,000 (Briefing.com consensus: 228,000) from an upwardly revised 227,000 (from 226,000) the week prior.

Continuing jobless claims for the week ending August 2 decreased by 15,000 to 1.953 million, from a downwardly revised 1.968 million (from 1.974 million).