Initial jobless claims at 8:30 a.m. ET is the only release on today's calendar.
Economists expect that 346,000 people sought unemployment benefits for the first time last week, up from 339,000 in the prior period. Lower readings would be considered positive because it would mean that fewer Americans lost their jobs, while the opposite would be true in the event of a higher number.
The report will also be viewed as an early indicator of the pivotal non-farm payrolls report for April, due out tomorrow morning at the same time.
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