Home » Markets » Job watch, oil rises and more: Thursday's 5 things to know
Job watch, oil rises and more: Thursday's 5 things to know
Stock market will plunge another 15%: Eddie Ghabour
Key Advisors Group, LLC owner Eddie Ghabour discusses how he’s allocating capital after the two-day stock market rally and if the Fed will pivot away from raising rates on ‘Varney & Co.’
Here are the key events taking place on Thursday that could impact trading.
JOBLESS CLAIMS: The Labor Department will release its tally of new claims for unemployment benefits for last week.
The report is likely to show a tight labor market that’s starting to cool. Expectations are for 203,000, up from 193,000 the previous week when layoffs fell unexpectedly to the lowest since late April.
Continuing claims, which track the total number of workers collecting unemployment benefits, are expected to edge down to 1.345 million. That would be the fifth straight weekly decline to the lowest since July 2.
US COMPANIES ADDED 208,000 JOBS IN SEPTEMBER, BEATING EXPECTATIONS: ADP
MarketsComments Off on Job watch, oil rises and more: Thursday's 5 things to know