Today’s economic statistical releases:

Initial jobless claims fell 23,000 last week to 381,000, the lowest weekly level since February.

The Bloomberg Consumer Comfort Index held steady for a second week, at 50.3 compared to the previous 50.2. That’s still a recessionary level of consumer confidence.

Wholesale inventories jumped 1.6% with a strong 0.9% rise in wholesale sales, increasing the stock-to-sales ratio by one tenth to 1.16.

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Dale Franks
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