Another solid data. 418K is down from last week’s 428K, and slightly better than the 420K expected.
So the streak continues.
Stocks remain higher.
Everyone’s getting psyched for Friday’s jobs report.
Original post: We just got a very strong ADP report, and now comes another labour market datapoint.
Analysts are looking for 420K new initial claims, down slightly from 428K last week, though basically in the same range.
Again, everything is basically just a little preview or sample ahead of Friday’s big NFP report.