The S&P 500 futures currently trade 40 points above fair value.
Just released, initial jobless claims for the week ending January 17 increased by 1,000 to 200,000 (Briefing.com consensus: 200,000) from an upwardly revised 199,000 (from 198,000).
Continuing jobless claims for the week ending January 10 decreased by 26,000 to 1.849 million. The prior reading was downwardly revised to 1.875 million from 1.884 million.
Q3 GDP was revised up to 4.4% (Briefing.com consensus: 4.3%) from 4.3%.
The GDP deflator was unrevised at 3.8% (Briefing.com consensus: 3.7%).