The US initial jobless claims increased to 254K in the week ended September the 24th compared with the downwardly revised previous week number of 251K. The figure came in way below 260K beating the market expectations showing strength in the labor market conditions.
The Gross Domestic Product in US expanded an annualized 1.4% on the second quarter following the previous quarter number of 1.1%, being the strongest growth rate in three quarters and beating the market consensus of 1.3% growth.
Since the beginning of July the Usa500 index lost more than 1.0% and is in a warning phase since the start of September.
On yesterday session the Usa 500 fell with a wide range after bouncing from the 50-day moving average at 2163.37 and close in the red, near the low of the day, however closed within the previous day range, which suggests being slightly on the bearish side of neutral.
The stochastic is showing bullish momentum and is above the 50 mid line.
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Usa 500 is a CFD written over S&P 500 futures.