GDP up 3.3%, jobless claims elevated
Meanwhile, initial jobless claims filings dipped to 425,000 from 435,000 in the previous week. But continuing claims rose to 3.423 million from 3.359 million. That's the highest since November 2003, and more evidence that the labor market remains weak here in the U.S.
The market reaction? Stocks are up notably, while the long bond futures are off about a half point. The dollar index has been all over the map -- up, then down, and now back up a couple of basis points.