Stock Market Update
17-Sep-26 09:10 ET
Futures point to sharply higher open
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +100.00. Nasdaq futures vs fair value: +484.00.
Equity futures continue to point to a sharply higher opening, supported by easing oil prices and Treasury yields in the wake of yesterday’s post-FOMC meeting selloff.
Initial jobless claims for the week ending September 12 decreased by 10,000 to 196,000 (Briefing.com consensus: 209,000). Continuing jobless claims for the week ending September 5 decreased by 39,000 to 1.730 million.
The key takeaway from the report is the remarkably low level of initial jobless claims, which suggests a low-firing environment.
Housing starts declined 2.6% month-over-month in August to a seasonally adjusted annual rate of 1.275 million (Briefing.com consensus: 1.325 million), although single-unit starts were up 7.6%. Building permits declined 2.7% month-over-month to a seasonally adjusted annual rate of 1.394 million (Briefing.com consensus: 1.410 million).
The key takeaway from the report is that building permits—a leading indicator—were flat to down across all regions for single-unit dwellings.
The Philadelphia Fed Index fell to 37.8 for September (Briefing.com consensus: 35.0) from 47.4 in August.
The key takeaway from the report is that the prices paid index jumped eight points to 48.6, while the prices received index hit its highest point (31.3) since April.
