Stock Market Update
17-Sep-26 08:40 ET
Housing starts and jobless claims data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +105.00. Nasdaq futures vs fair value: +505.00.
The S&P 500 futures currently trade 105 points above fair value.
Just released, 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), from the upwardly revised previous level of 1.309 million (from 1.239 million).
Building permits decreased 2.7% month-over-month to a seasonally adjusted annual rate of 1.394 million (Briefing.com consensus: 1.410 million).
Initial jobless claims for the week ending September 12 decreased by 8,000 to 196,000 (Briefing.com consensus 209,000) from the previous level of 206,000.
Continuing jobless claims for the week ending September 5 decreased by 39,000 to 1.730 million from last week's revised total of 1.769 million (from 1.774 million).
The Philadelphia Fed Index contracted to 37.8 in September (Briefing.com consensus 35.0), from the prior level of 47.4.
