Stock index futures were lower ahead of the opening bell, as investors reacted to the Fed’s cautious statement yesterday.
The futures market did get a boost form the weekly jobless claims report. The Labor Department said jobless claims fell 19,000 last week to 457,000. Analysts were only calling for a 7,000 decline. More encouraging is the 45,000 drop in continuing claims to 4.667 million. Separately, the May durables report showed a headline number slipping from an April spike, but there was moderate strength in the details. New factory orders declined 1.1% after jumping a revised 3.0% in April. Excluding the transportation component, however, new durables orders rebounded 0.9% after a 0.8% decline in April.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
