US initial jobless claims falls from prior week, but still above 800,000
Initial jobless claims in the U.S. came in less than expected last week, based on data from Labor Department.
The number of first-time unemployment benefits claims was 803,000 in the week ended Dec. 19, compared to the 888,000 expected by economists polled by Dow Jones. The upwardly revised initial claims of the preceding week was 892,000 (the highest figure since early September).
Continuing jobless claims (seasonally adjusted)fell to a 5.3 million in the week ended Dec. 12, from 5.5 million a week earlier.
Earlier this week, Congress approved a $900 billion coronavirus economic stimulus package, which includes $300 weekly federal supplemental unemployment benefits, $600 direct payments to most individuals, and around $325 billion for small business aid, among other items.
SPY in +0.95% Uptrend, growing for three consecutive days on July 17, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SPY advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 429 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on July 15, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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