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After a stellar trading day on Wednesday, this morning, stocks are lower as they await the release of some new economic data.
This week’s weekly jobless claims premiered at 8:30 a.m. ET on Thursday morning (about 30 minutes after I’m writing this.)
Economists are looking for 950,000 new filings for unemployment benefits.
However, there’s no use comparing that directly to last week’s 1 million claims.
Why not?
Because now the Labor Department has changed how it handles the seasonal adjustment of the data.
And that change goes into play this week.
There are still four other things you need to know to start your trading day, but I found ANOTHER two stories I thought you should know about.
This one about this year’s IPO action and this one about the risk of something scary – a potential “Minsky Moment.“
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Other Top Financial News
Is Your State Getting In On The Energy Revolution?
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Image Source: Market Business News
If you thought you were having a bad day on Tuesday, it could have been worse…
Just take a look at the havoc wrecked by one trader with a “fat finger” mistake.
“Fat finger” refers to errors made while typing. But this one wasn’t a simple grammatical mistake that Grammarly didn’t catch but your boss did.
The chairman of Chinese electronics company TCL Technology Group said Tuesday a trader erroneously sold 5 million shares from his account in a classic fat-finger mistake.
The shares were sold at 1:03 pm on Tuesday. 2 hours later, Li had to buy them back. Li said he will donate $44,000 back to the company.
The fat finger episode comes alongside the company’s stock surging in recent days. The stock is up 27% in the last month.
Have you ever had a “fat finger” trading mistake?
Reply back and let me know all about it!
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Market Movers & Predictions
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Frederick Frost
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