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Market Brief – Thursday 9/22/22

Stocks started the day lower and Treasury yields started the day sharply higher with yields reversing all of yesterday’s decline and then some in premarket trading.

Initial unemployment claims rose +5k last week to +213k claims. State claims fell -22k to 1.379 million.

The U.S. Leading Index fell -0.3% in August.

Stocks closed sharply lower and Treasury yields closed sharply higher on the day.