The battery of indicators at 9:30 am in the US brought better data than the PMIs the day before, but did not significantly change the pre-market outlook in New York, which awaits Jerome Powell’s speech tomorrow.
Nasdaq futures follow up (+0.97% a moment ago) and pull the S&P 500 (+0.40%) on post-balance sheet rally in Nvidia (#NVDA +6.32%, $501.39) , and the Dow Jones operates in decline (-0.19%).
Two Fed directors speak in a moment: Patrick Harker (Philadelphia) at 11:00 am direct from Jackson Hole on CNBC and Susan Collins (Boston) on Yahoo Finance at 12:15 pm. The day’s indicators gave some strength to the dollar DXY (+0.41%, 103.926) and Treasury yields, which melted yesterday.
New jobless claims last week (230K) below estimate suggest resilient job market. The other data are from July (the PMIs are already from August). Core durable goods orders (excluding transport) rose 0.5% in July, despite the drop in the headline index, and the Chicago Fed national activity index reversed June’s decline and rose to +0.12 points last month .
Thursday’s Wall Street Highlights: Boeing, Nvidia, Guess, J&J, GM, and more