US Initial Jobless Claims (Jan/03) 208K vs. Exp. 210K (Prev. 200K, Rev. 199K)
The initial jobless claims figure came in slightly better than expectations, indicating ongoing strength in the labor market.
AskBio, a subsidiary of Bayer (BAYN GY), announces FDA acceptance of a IND application for AB-1009 gene therapy being developed for the treatment of late-onset Pompe disease
US Treasury Secretary Bessent urges more Fed rate cuts, according to CNBC citing a draft speech
US Initial Jobless Claims (Jan/03) 208K vs. Exp. 210K (Prev. 200K, Rev. 199K)
US Energy Secretary Wright says balance can be had with China in Venezuela, according to a Fox Business Interview; will not allow China to have huge control over Venezuela
US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE
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While the modest drop from the previous week's revised number suggests stability, it highlights a resilient employment backdrop, which may influence Fed policy by keeping the focus on growth and potential rate hikes.
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