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Thursday’s Economic Digest: Q3 GDP Revised Downward, Jobless Claims Hold Steady, Philly Fed Manufacturing Declines

Thursday morning data showed downwardly revised Q3 economic growth, increased jobless claims, and manufacturing health decline in Philadelphia Federal Reserve district. US futures reacted positively premarket, SPY fell 1.4% on Wednesday.

SPY

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5 ETFs To Keep An Eye On As Market Anticipates Fed’s Preferred Inflation Gauge This Friday

The November release of the Personal Consumption Expenditure (PCE) price index stands as the most eagerly anticipated economic event this week. Investors and Fed watchers closely monitor this event, as it provides insights into the future interest rate path.

IWM

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Tech Stocks Set New All-Time High, Small Caps On Fire As Wall Street Bulls Run Wild: What’s Driving Markets Tuesday?

Tuesday, December 19, 2023, stands now as a remarkable day in Wall Street’s history, as the technology stocks of the Nasdaq 100 mark a significant milestone, surging to new highs after a hiatus of 758 days since their previous peak.

AAPL

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“Bank Of Japan Sticks To Ultra-Easy Monetary Policy In Light Of ‘Extremely High Uncertainties’; To Keep Interest Rates At -0.1%, Sticking To Its Yield Curve Policy That References The 1% Upper Bound For 10-Year Japanese Government Bonds As Its Limit” -…

https://www.cnbc.com/2023/12/19/boj-bank-of-japan-sticks-to-ultra-easy-monetary-policy-in-light-of-high-uncertainties.html

EWJ