RELATED: US Weekly Jobless Claims Fall to Lowest Levels in 50 Years
Jobless Claims Lowest Since 1969 – Futures Slide Ahead of the Open
Here’s what is happening in the markets today, Wednesday, November 24th:
- Futures lower ahead of the Thanksgiving holiday.
- US Department of Energy said it will tap 50 million barrels of oil from the US Strategic Petroleum Reserve alongside several other countries and Crude Oil rallies.
- Weekly Jobless Claims at 199,000 lowest for the year and the lowest level since 1969.
- Second-quarter GDP growth up slightly to 2.1%, but below estimates for 2.2%.
- Gap (GPS) down 20% pre-market after an earnings miss and cutting its full-year forecast.
- Nordstrom (JWN) Nordstrom plummeted 25% premarket after an earnings miss.
- Deere (DE) up 3.0%+ after an earnings beat.
- Dollar Tree (DLTR) is now the Buck and a Quarter Tree. Yesterday Dollar Tree said prices on the majority of its products will climb to $1.25 from $1 by the first quarter of next year.
- Tesla (TSLA) regulatory filings show that Elon Musk has unloaded 9.2 million shares worth $9.9 billion.
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