U.S. stock futures were higher early, boosted by better-than-expected earnings from JPMorgan Chase. Google will report after the close, but investors will have plenty of economic reports to mull over before then.
New claims for unemployment benefits fell more-than-expected last week to the lowest level in nearly two years. The Labor Department said that initial claims dropped 29,000 to 429,000, while continuing claims rose. Meanwhile, the Producer Price Index showed little price pressure. The overall PPI fell 0.5% in June. Finally, manufacturing in the New York region expanded at much lower pace than expected. The Industrial Production report will be released at 9:15 am ET.
- 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.
