Stock Market Update
28-May-26 08:43 ET
Futures point to flattish open after sizable data batch
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -2.00. Nasdaq futures vs fair value: -26.00.
The S&P 500 futures currently trade two points below fair value.
Personal income for April was flat month-over-month (Briefing.com consensus: 0.5%) following a downwardly revised 0.5% increase (from 0.6%) for March.
Personal spending jumped 0.5% month-over-month (Briefing.com consensus: 0.4%) following an upwardly revised 1.0% increase (from 0.9%) in March.
The PCE Price Index increased 0.4% month-over-month (Briefing.com consensus: 0.5%), leaving it up 3.8% yr/yr versus 3.5% in MArch.
The core PCE Price Index rose 0.2% (Briefing.com consensus: 0.3%), leaving it up 3.3% yr/yr versus 3.2% in March.
The Second Estimate Q1 GDP report showed real GDP increasing at an annual rate of 1.6% (Briefing.com consensus: 2.0%) versus the advance estimate of 2.0%
The GDP Chain Deflator was up 3.5% (Briefing.com consensus: 4.5%) following the advance estimate of 3.6%
Durable goods orders increased 7.9% month-over-month in March (Briefing.com consensus: 1.7%) following an upwardly revised 1.3% increase (from 0.8%) in March.
Excluding transportation, orders were up 1.1% month-over-month (Briefing.com consensus: 0.5%) following an upwardly revised 1.1% increase (from 0.9%) in March.
Initial jobless claims for the week ending May 23 increased by 5,000 to 215,000 (Briefing.com consensus: 214,000), from an upwardly revised prior level of 210,000 (from 209,000).
Continuing jobless claims for the week ending May 16 increased by 15,000 to 1.786 million, from a downwardly revised prior level of 1.771 million (from 1.782 million).
