The MarketReader Minute
🏦 XLF Slips Amid Rising Jobless Claims and Sector Weakness, HSBC Falls, AFL Soars and WFC Dips | Financials Sector Insight
U.S. Initial Jobless Claims have risen to a near 12-month high, surpassing expectations and reflecting a softening labor market, which may influence future Federal Reserve decisions on benchmark borrowing costs.