Jobless Claims and Housing Data Impact Markets, Walmart Earnings Rise.
TL;DR Summary
Weekly jobless claims in the US fell to 242,000, below economists' expectations, while continuing claims ticked down to 1.799 million. Treasury Secretary Janet Yellen is set to meet with bank CEOs to discuss the debt ceiling, which is causing alarm and frustration in Washington. Manhattan rents hit a record high for the second month in a row, with the median cost of renting an apartment at $4,241 in April. The Senate Banking Committee will grill federal regulators over bank failures. Stocks closed higher amid hopes of a debt ceiling deal and confidence in the banking sector.
Topics:business#banking-regulators#business#debt-ceiling#jobless-claims#manhattan-rents#stock-market
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