Jobless Claims: Huge Decline -- Well Below Forecasts -- September 12, 2019

Jobless claims, link here:

• prior: 217K
• prior revised: 219K
• forecast: 215K
• actual: 204K

Comment: I no longer track the "unemployment" data, as such, but it is interesting to periodically compare these numbers with the numbers we saw back in 2012 and going forward a couple of years. Unemployment claims then were running upwards of 400,000 vs the 200,000 now.

Market:

• Dow futures: up slightly; about 70 points on the upside
• AAPL: up about half a percent; pre-market trading at $225; 52-week high: $233; one-year target: $224
• T: down a bit, pre-market
• D: up a bit
• F: down about 3/4ths of a percent
• BA: up almost 4% yesterday; holding those gains today
• TSLA: surged yesterday by 5%; holding those gains today

TSLA: "Model S -- fastest four-door sedan ever"; shares pop 5%. From MarketWatch:

.... share price "hovered at their best in seven weeks and extended their gains to a third straight session. The stock is up more than 8% in September, a contrast with losses of nearly 7% in August. Chief Executive Elon Musk late Tuesday tweeted the Model S, Tesla's luxury sedan, had just set a record for the fastest four-door sedan "ever," promising a video of the alleged feat later today [September 11, 2019]. Tesla shares have lost 26% this year, in contrast with gains of more than 19% for the S&P 500 index."

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