S&P futures vs fair value: +5.30. Nasdaq futures vs fair value: +5.30.
Stock futures have moved up to their best levels of the morning following the latest weekly jobless claims figures. Specifically, initial jobless claims for the week ended July 3 totaled 454,000, which is on par with the 460,000 initial claims that had been expected, on average, by a sample of economists polled by Briefing.com. The latest initial claims count was down 21,000 week-over-week.
Meanwhile, continuing claims fell 224,000 week-over-week to 4.41 million, which is the lowest continuing claims count in almost eight months.