Stock Market Update

The S&P 500 futures currently trade 23 points below fair value. 

Initial jobless claims for the week ending August 16 increased by 11,000 to 235,000 (Briefing.com consensus: 222,000) from a prior revised level of 224,000 (from 221,000).

Continuing jobless claims for the week ending August 9 increased by 30,000 to 1.972 million, from a downwardly revised 1.942 million (from 1.956 million)

The Philadelphia Fed Index for August decreased to -0.3 (Briefing.com consensus 9.0) from a prior level of 15.9.