Futures SURGE On Bullish Data

S&P Futures

Photo: FinViz.com

Stock futures spiked on better-than-expected economic data.Initial jobless claims fell to 391k, below 400k for the first time in a while.

Also, it turns out Q2 wasn’t as bad as we thought.  GDP growth was revised up to 1.3% from 1.2%.

Obviously, there’s a lot of room for improvement.  But the good news is that things aren’t that bad.

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