News – NEW YORK:July.15: The New York Federal Reserve’s gauge of manufacturing activity in the region rose to 3.86 in July, surpassing Wall Street’s expectation for a gain to 3 from a June reading of -1.98. Readings above 0 point to expansion, while those below indicate contraction.
The number of Americans filing for first-time unemployment benefits rose last week to 297,000 from an upwardly revised 282,000. Wall Street expected claims to fall to 275,000 from an initially reported 281,000.
The Labor Department reports prices at the wholesale level rose 0.4% in June from the month prior, higher than the 0.2% rise expected. Excluding the food and energy components, prices rose 0.3%, compared to the 0.1% gain expected.