Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
David Becker

US stocks were mixed on Thursday, as the Nasdaq rose but the Dow and S&P 500 came under pressure. This was despite Apple hitting all-time highs. Both Apple and Tesla continued to rise following news that the companies were planning a stock split. The addition of companies like Robin Hood that allow retail investors to trade partial shares has led to enhanced volumes in the retail trading space. Most sectors in the S&P 500 index were lower on Thursday, led down by the Energy sector, Communications bucked the trend. US Jobless claims rose less than expected, which helped buoy US yields. US import prices came in stronger than expected which is the 3rd gauge released this week that showed stronger than expected price pressures. The VIX volatility index moved sideways rising slightly to 22.5 and remains well above the 2019 average near 14.

US Jobless Claims Increase Less than Expected

US jobless claims rose less than 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery. The total claims of 963,000 for the week ended August 8 were well below the estimate of 1.1 million expected. That represented a decline of 228,000 from the previous week’s total. Jobless claims had totaled above 1 million for 20 consecutive weeks. The last time the total was below that number was March 14, with 282,000, just as the pandemic declaration first hit. Continuing claims, which reflect the total number of claims that are longer than 2-weeks, totaled 15.5 million, down more than 600,000.


US Import Prices Rose More than Expected

U.S. import prices rose 0.7% in July, according to the Labor Department. The increase in import prices over the past three months is the largest since 2011. Despite this advance, import prices declined 3.3% over the past year. The gain in July was led by fuel prices, which rose 6.9% in July. Import prices excluding fuels rose 0.2% in July. Export prices rose 0.8% in July and are down 4.4% over the past year.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.