Strong Economic Indicators

GDP and durable goods orders indicate resilience in the economy, suggesting progress in combating inflation. Recent data shows durable goods orders rising, reflecting robust manufacturing activity.

Jobless Claims Progress

Latest jobless claims reveal a steady improvement in the job market, with fewer individuals filing for unemployment benefits, further bolstering economic confidence.

Market Reaction

Despite the encouraging economic data, markets experienced a pullback before the opening bell, signaling cautious investor sentiment amidst ongoing inflation concerns.