Stock Market News Live Updates: Stock Futures Rise Despite Record Jump In Wholesale Prices, Rise In Jobless Claims

Jan 13, 2022

Stock Market News Live Updates: Stock Futures Rise Despite Record Jump In Wholesale Prices, Rise In Jobless Claims

Stock futures in the United States rose Thursday morning as investors awaited a new reading on weekly jobless claims and retail price inflation from Washington.

The Labor Department's weekly jobless claims data for the previous week revealed an unexpected increase in first-time unemployment filings, which increased to 230,000. Nonetheless, this remained close to pre-pandemic levels, with continuing unemployment claims falling to their lowest level since 1973. At the same time, the Bureau of Labor Statistics' December producer price index (PPI) indicated a 9.7% year-on-year rise in wholesale prices for the end of the previous year, the most significant year-on-year increase since records began in 2010.

Traders were also digesting a scorching report on consumer price inflation from the beginning of this week. This revealed another record high pace of price hikes, just one day after the Fed Chairman Jerome Powell signaled in his reappointment hearing that the central bank would act as required to calm increasing prices. According to the Bureau of Labor Statistics' December CPI), the cost of products climbed at a 7.0% year-on-year pace at the end of this year, the highest rate in 40 years.

Comerica Wealth Management chief investment officer John Lynch believes the 7% reading has been priced into the stock markets, although she adds that CPI has a bit further to go before it reaches peak levels.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, agreed that the pace of price rises should slow beginning in the middle of 2022. However, CPI could hit 7.2% in January and February before slowing.

"The streak of huge gains is finished, and it will begin to decrease in March," he stated, forecasting a 4.5% reading in September.

Before markets open, the Labor Department will issue the most recent weekly unemployment claims numbers. According to consensus analyst projections, new claims for unemployment insurance would rise slightly from the previous week, but gold will remain around pre-COVID low points.

"Persistently high inflation rates, along with recently robust labor market statistics, bolster the Federal Reserve hawkish rhetoric," Christian Scherrmann, DWS Group's U.S. economist, noted. "Thinking forwards, Omicron appears to be dictating the destiny of the economy in January and possibly February, but current indications on how the new strain plays out imply that the Federal Reserve will remain focused to start reducing its accommodative monetary policy, probably as early as March 2022, by raising rates for the first time since December 2018."

Banks are set to publish fourth-quarter profit data on Friday, as profits season begins to round up the week. The S&P 500 Financials sector exchange-traded fund XLF established a new intraday peak on Wednesday, its fourth in eight-session in 2022, as traders prepare for quarter releases from BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) (WFC).

Subscribe Our Newsletter

Google Stock Forecast 2040: Google's Digital Assistant Gets Smarter

Nato

Google Stock Forecast 2040: Google’s Digital Assistant Gets Smarter, Teaming Up With Bard.

Google Stock Forecast 2040: Google announces an innovative partnership between its digital assistant and Bard chatbot, promising a smarter and more intuitive personal assistant experience.

Companies
SEC Chair Won’t Comment on Whether Ethereum is a Security
SEC Chair Won’t Comment on Whether Ethereum is a Security

Questions about whether Ethereum is an unregistered security or not were dodged by Gary Gensler, the head of the US Securities and Exchange Commission, during his last interview.

Crypto
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Aleksander

Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine
Solana is known for its high transaction throughput and low fees, but has faced performance and stability challenges, especially during periods of network congestion. To address these issues, Solana needs both faster processing and greater infrastructure resilience. Solana Firedancer, an independent validator client built by Jump Crypto, directly targets these goals. In 2024, Firedancer achieved […]

discover
Solana Meme Coins 2025

Constantine

Top Solana Meme Coins in 2025: Best Presales and Where to Buy

Explore the best Solana meme coins of 2025, including top presales, trends, and where to buy. Discover how to invest in the future of Solana meme coins.

Crypto Payments
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.