Waht were the top market events today?
5/16/2024 03:47am
The top market events today include:
1. **Crude Oil Settles at $78.63**: The NYMEX WTI Crude June futures settled at $78.63 per barrel, which is a significant increase from the previous day's settlement price[^NYMEX].
. **Initial Jobless Claims**: The initial jobless claims for the week ending May 11 were released, showing a higher-than-expected number of 221,000 claims[^Economic Calendar].
. **Philadelphia Fed Manufacturing**: The Philadelphia Fed manufacturing index for April was released, indicating a lower-than-expected reading of -13.6[^Economic Calendar].
events are likely to have a significant impact on the market, particularly the crude oil price, which could influence a wide range of industries and investments.