The top market events today include:
- 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.