U.S. Jobless Claims Rise More Than Expected to 290K

The video discusses the latest economic news, focusing on the weekly jobless claims, which increased to 290,000, a rise of 12,000 from the previous week. This was higher than the anticipated 280,000. The report, according to the Labor Department, showed no unusual data. The market impact included futures slightly reducing their gains, with the SP 500 maintaining a marginal increase. Additionally, there was some buying in bonds, with the 10-year yield reaching session lows.

What impact did the jobless claims report have on the SP 500?

What was the status of the 10-year yield following the jobless claims report?