United States Factory Orders (MoM) above forecasts (1.6%) in November: Actual (2.7%).United States Factory Orders (MoM) above forecasts (1.6%) in November: Actual (2.7%)
S&P500 Forecast: SPX eyes 7000 after the Fed & mixed mega-cap earnings.U.S. Stocks are modestly higher, with the S&P 500 approaching 7,000 again, as investors take on risk despite mixed mega-cap earnings, tensions with Tehran, and slightly more hawkish signals from the Federal Reserve.
US initial jobless claims tick down to 209k, vs exp 200k.US initial jobless claims fell -1k to 209k in the week ending January 24, above expectation of 200k. Four-week moving average of initial claims rose 2k to 206k.