Traders will digest latest jobless claims data with earnings reports from AT&T, Intel and Twitter
US equity futures are showing signs of higher openness as Thursday’s trading session begins.
Major futures indices suggest a gain of 0.2% as equities may continue to rebound this week.
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On the economic calendar, traders will check the latest jobless claims data. The estimate is 350,000, down from last week’s 360,000.
Current home sales figures for June will be released. The estimate is 5.9 million, which would be an increase from the previous month.
American Airlines and Southwest Airlines as well as AT&T will join before the bell earns.
US airlines say COVID-19 variants not hurting bookings
Results from Intel and Twitter are due in the afternoon.
In Europe, London’s FTSE jumped 1.7%, Germany’s DAX 1.4% and France’s CAC 1.9%.
According to Reuters, the European Central Bank will conclude its meeting and is certain to promise a longer period of stimulus to make good on its commitment to boost inflation.
Asian stock markets followed Wall Street highs for a second day on Thursday as optimism about an economic recovery appeared to be outweighed by rising coronavirus cases and concerns over inflation.
In Asia, the Hang Seng in Hong Kong rose 1.6% and China’s Shanghai Composite Index rose 0.3%. Japanese markets remained closed for the holiday.
|Me: DJI||dow jones average||34798||+286.01||+0.83%|
|me: comp||NASDAQ Composite Index||14631.95429||+133.08||+0.92%|
On Wall Street on Wednesday, the S&P 500 index rose 0.8%, giving it momentum for weekly gains after rebounding from Monday’s 1.6% loss.
Technology stocks, banks and companies that rely on consumer spending helped propel the benchmark index. Energy stocks also rose as the price of US crude rose 4.3%. Utilities and real estate stocks declined.
The Dow Jones Industrial Average rose 0.8% to 34,798 and the Nasdaq Composite rose 0.9% to 14,631.95.
Coca-Cola raises revenue forecast as demand returns on reopening
US stocks traded choppy despite coronavirus uncertainties on an unexpectedly strong corporate profit report.
Coke The company and fast food chain Chipotle Mexican Grill grew after reporting better-than-expected quarterly results. Netflix Customer growth fell 3.3% after registering its worst drop in eight years.
In energy markets, benchmark US crude fell 10 cents to $70.20 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.88 to $70.30 on Wednesday. Brent crude, used for international oil prices, fell 20 cents to $72.03 a barrel in London. It rose by $2.88 to $72.23 in the previous session.