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The Latest Breaking News from Philadelphia Fed

Dow Jones Falls After Key Economic Data; Nvidia Drops On Earnings Miss

The Dow Jones Industrial Average sold off Thursday after key economic data. Nvidia earnings missed estimates, sparking a 2% retreat.

Investors Business Daily

US Stock Futures Mostly Lower Ahead Of Economic Reports, Fed Speakers; Tesla Shares Drop Following Q3 Results

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade on Thursday after closing lower in the previous session. The Dow Jones dropped by 100 points on Wednesday, ending a two-session winning streak.

Benzinga

What Is the Philadelphia Fed Index? Definition and Importance

What Is the Philadelphia Fed Index?The Philadelphia Fed Index refers to monthly results of a survey on the business outlook of manufacturing activity in several states in the Mid-Atlantic. The survey is formally known as the Manufacturing Business Outlook Survey and is conducted by the Federal ...

The Street

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Economic Data Scheduled For Thursday

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims declining to 197,000 for the May 14 week from 203,000 in the previous week. The Philadelphia Fed manufacturing index for May is scheduled for release at 8:30 a.m. ET. The…

Benzinga

Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET. Philadelphia Fed President Patrick Harker is set to speak at 9:30 a.m.…

Benzinga

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Patrick Harker

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