Similarly, despite a slew of announced layoffs, the actual number of people filing for unemployment benefits - as revealed by states' releases of their weekly claims numbers - remains low for now. JPMorgan economists peg last week's initial claims at 229,000, up a bit from 220,000 the previous week but well within the low range that has prevailed all year.
S&P 500 futures are down about 21 points. The SPDR S&P 500 ETF ( SPY) is down about a point. Dow futures are down about 126, as the Nasdaq slips about 112 points. While the day doesn't look bright, keep your eye on the 50-day moving average on the major indices. That moving average has now served as strong support a few times. And if it happens again, the major indices could bounce.
Air traffic in the United States will be reduced by 4% at 40 airports starting Friday due to a system overload caused by a surge in air traffic controller absences following the 36-day federal government shutdown. The flight reductions could steadily rise to reach 10% by November 14, according to government and air traffic officials. The flight restrictions will affect
What to watch: Senate appropriators are hustling to finish language on a three-part appropriations package, with text expected to be released as soon as Thursday evening, sources tell Axios. It's a key part of Republicans' latest offer to Democrats, which includes: Passing a stopgap funding continuing resolution until at least December 19th (final date TBD). Fully funding military construction, Veterans Affairs, the Agriculture Department and the legislative branch through the next fiscal year - taking programs like WIC and SNAP out of the shutdown equation. A promise of a vote on some kind of bill to extend the expiring Affordable Care Act subsidies - the exact substance of which is still a major question mark.