U.S. Initial Jobless Claims at 224,000 for the Week Ending August 9
According to a report by Jinse Finance, the number of initial jobless claims in the United States for the week ending August 9 was 224,000, compared to the expected 228,000. The previous figure was revised from 226,000 to 227,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Inflation surpasses expectations, impacting small-cap stocks; Russell 2000 drops nearly 2%, confirming a technical correction
On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."
Inflation and interest rates hit simultaneously, Russell 2000 plunges 11% from August high, marking its first technical correction since March
With both inflation and interest rates rising, the Russell 2000 has fallen 11% from its August peak, breaking below its 200-day moving average and recording its first technical correction since March.
Tesla (TSLA.US) and SpaceX (SPCX.US) merger countdown? Barclays: Announcement possible this year, obstacle lies in shareholder voting
Barclays analysts stated that a potential merger between Elon Musk's Tesla and SpaceX could be announced before the electric vehicle manufacturer's annual shareholder meeting.
Crypto prices
More
