The futures market points to a lower start for stocks as investors digest the latest economic reports.
The Labor Department said new jobless claims rose 19,000 to 479,000. This was more than the 2,000 expected increase. Continuing claims fell 34,000 to 4.537 million. This report comes a day ahead of the government’s employment situation report. Investors will also be watching July chain-store sales for the latest signs on the health of the consumer.
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