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Looking at the largest increases and decreases. There was a jump in North Carolina and Florida that was likely hurricane related. Overall with the decline in initial jobless claims for the week, it continues to paint a solid picture in the employment market
Combined with the retail sales and Philly Fed, the US economy continues to take a long and will likely lead to a increase in GDP growth for the current quarter.
A snapshot of the stock market shows a NASDAQ still up around 180 points. The Dow futures are implying a gain of 75 points and the S&P futures are implying a gain of 27.53 points.
The US debt market, yields are higher:
This article was written by Greg Michalowski at www.forexlive.com.
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