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Jobless claims hold steady in latest week, continuing to signal healthy labor market - MarketWatch

1. Initial jobless claims steady at 229,000, as expected. 2. New claims fell to 205,183 before seasonal adjustments. 3. Unemployment benefits rose by 9,000 to 1.88 million. 4. S&P 500 set to open lower by 0.45%. 5. 10-year Treasury yield decreased to 4.50%.

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FAQ

Why Bearish?

Steady jobless claims and rising unemployment benefits indicate potential economic weakness. Previous similar data trends often led to S&P declines.

How important is it?

Economic indicators like unemployment claims significantly influence market trends, especially S&P 500. Steady claims and rising benefits signal potential slowdown.

Why Short Term?

Immediate jobless claims data influences market sentiment quickly. Past instances of rising unemployment claims saw short-term S&P drops.

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