A.M. Update

S&P futures are up+0.75% in a correction of yesterday afternoon’s weakness. About +0.5% of that was overnight correction/consolidation, and 0.25% in response to this morning’s economic data. Weekly initial jobless claims totaled 205,000 (consensus 218,000) following last week’s total of 203,000 (revised from 202,000). Continuing claims came in at 1.865 million following last week’s count…