Stock Market Update
24-Sep-26 09:17 ET
Futures point to lower open as yields and oil remain elevated
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -30.00. Nasdaq futures vs fair value: -243.00.
The stock market remains poised for a lower opening as elevated oil prices and Treasury yields continue to weigh on sentiment, while semiconductor and mega-cap stocks give back some of their gains from earlier in the week.
Attention will also be on today's meeting between President Trump and Chinese President Xi. The two leaders are scheduled to meet at the White House at 10:00 a.m. ET, followed by a bilateral meeting at 11:30 a.m. ET, with market participants awaiting any developments from the talks.
On the data front, initial claims decreased 1,000 to 197,000 (Brieifng.com consensus: 202,000) for the week ending September 19. Continuing claims increased 2,000 to 1.719 million for the week ending September 12.
The key takeaway from the report is that it shows no change in the understanding that layoff activity is quite low, which is reflective of a generally solid demand environment.
The Q2 Current Account Deficit widened to $246.0 billion (Briefing.com consensus: -$221.0 billion) from an upwardly revised deficit of $212.6 billion (from -$228.6 billion) for Q1.
