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Market Brief – Thursday 8/4/22

Stocks were flat in overnight trading while Treasury yields rose in overnight trading after the Bank of England followed through with a 50 basis point rate hike.

Challenger Job Cuts fell to 25.810k in July and slowed to +36.3% from this time last year.

Initial claims rose +6k last week to 260k. Total claims fell -3.89k to 1.472 million.

Exports rose to $260.80 billion and imports fell to $340.40 billion.

Stocks were mixed with only the Nasdaq-100 closing higher on the day. Treasury yields were flat on the day.