finance
Pre-Market Report: Jobless Claims Rise While Productivity Falls Short
Initial jobless claims increased in the latest week and productivity growth missed forecasts. President Trump said a deal with Iran is getting close but has not yet been agreed. Investors also heard from executives at Kraft Heinz and Zillow on business conditions.
May 7, 6:28 AM·1m read2 sources
benzinga.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Initial jobless claims rose in the latest reporting week while productivity growth came in below expectations, according to data released Thursday. The figures arrived as financial markets prepared for the trading day on May 7, 2026. Legendary investor Paul Tudor Jones stated that the artificial intelligence bull market has another year or two to run.
His comments were part of a series of interviews and updates featured in the pre-market news coverage.
The chief executive officer of Kraft Heinz said there are a lot more equity building opportunities in the company's brands. The statement came during a discussion of the food manufacturer's strategy and performance. Zillow CEO Jeremy Wacksman said affordability is still a challenge in the housing market.
His remarks highlighted ongoing conditions in residential real estate. The combination of labor market data, productivity figures, and executive commentary set the tone for trading on Thursday. Markets were processing the mixed economic signals alongside developments in international negotiations.
