Stock Market Update
16-Jul-26 08:40 ET
Retail sales and jobless claims
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -42.00. Nasdaq futures vs fair value: -329.00.
The S&P 500 futures currently trade 42 points below fair value.
Just released, total retail sales increased 0.2% month-over-month in June (Briefing.com consensus: 0.3%) following an upwardly revised 1.0% increase (from 0.9%) in May.
Excluding autos, retail sales decreased 0.2% (Briefing.com consensus: 0.1%) on the heels of an upwardly revised 1.0% increase in May (from 0.8%).
For the week ending July 11, initial jobless claims decreased by 8,000 to 208,000 (Briefing.com consensus: 219,000) from an upwardly revised previous level of 216,000 (from 215,000).
For the week ending July 4, continuing jobless claims decreased by 16,000 to 1.805 million from an upwardly revised previous level of 1.821 million (from 1.814 million).
The Philadelphia Fed Index expanded to 41.4 in July (Briefing.com consensus 11.0) from the prior reading of 10.3.
