Stock Market Update

The S&P 500 futures currently trade 101 points below fair value.

Just released, initial jobless claims for the week ending March 28 fell by 9,000 to 202,000 (Briefing.com consensus: 215,000) from an upwardly revised previous level of 211,000 (from 210,000).

Continuing jobless claims decreased by 25,000 to 1.841 million, from a downwardly revised 1.816 million (from 1.819 million).

The trade deficit widened to $57.3 billion in February (Briefing.com consensus -$55.8 billion) from a revised $54.7 billion deficit (from -$54.5 billion) in January.