Weekly initial claims edge higher
S&P futures vs fair value: +14.40. Nasdaq futures vs fair value: +117.30. The S&P 500 futures trade 14 points, or 0.4%, above fair value. Just in, the latest weekly initial jobless claims count totaled 744,000 (Briefing.com consensus 678,000), which was above the prior week's revised count of 728,000 (from 719,000). As for continuing claims, they decreased to 3.734 mln from a revised count of 3.750 mln (from 3.794 mln).