US Economic Update 🇺🇸

•US jobless claims rose to 227,000; 243,000 expected; 242,000 previously (🟢 better than expected).

•More than 32% of S&P 500 companies have reported third-quarter earnings so far. Of those, 76% have beaten analyst expectations. (🟢 better than expected)

•US October manufacturing PMI rose to 47.8, 47.5 expected, 47.3 previously (🟢 better than expected).

•US October services PMI rose to 55.3, 55.0 expected, 55.2 previously (🟢 better than expected).

(PMI data measures companies' purchasing activity, a PMI reading above 50 means they are buying more goods and services, indicating they are doing well.)