Stock Market Update
07-Aug-25 08:35 ET
Jobless claims and productivity data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +38.00. Nasdaq futures vs fair value: +172.00.
The S&P 500 futures currently trade 38 points above fair value.
Preliminary Q2 productivity increased 2.4% (Briefing.com consensus 2.2%) versus the prior downwardly revised decrease of 1.8% (from -1.5%) in Q1.
Q2 Unit labor costs reached a preliminary reading of 1.6% (Briefing.com consensus 1.5%) from the upwardly revised final Q1 reading of 6.9% (from 6.6%).
Initial jobless claims for the week ending August 2 increased by 7,000 to 226,000 (Briefing.com consensus: 220,000) from an upwardly revised 219,000 (from 218,000).
Continuing jobless claims for the week ending July 26 increased to 1.974 million, from a downwardly revised 1.936 million (from 1.946 million).
