[ad_1]
Here’s what we’re watching ahead of the opening bell on Thursday.
–U.S. equity futures have risen as investors watched after a Wednesday night assault on Congress by a pro-Trump mob that disrupted Senate confirmation of Joe Biden’s election victory. Futures contracts linked to the Dow Jones Industrial Average gained 0.3%, suggesting that the blue-chip equity index will prolong a rally that pushed it to a record closing on Wednesday. Futures contracts on S&P 500 also rose 0.5%.
Futures on the Nasdaq-100 index gained 0.8%, suggesting that tech giant stocks may recoup some of their losses. Tech stocks were beaten on Wednesday when investors switched to other stocks more dependent on economic growth.
What is coming
—Weekly jobless claims were lower than expected, adding 787,000 for the week of January 2, compared to 815,000 expectations. Trade data showed a larger-than-expected deficit for November at $ 68.1 billion, compared to a deficit of $ 63.1 billion the month before.
Markets to watch
– Bed Bath & Beyond stock plunged more than 14% in pre-market, after sales and profits both turned out weaker than expected in the third quarter. The company blamed Covid-19, which meant fewer shoppers in its stores and shipping issues.
[ad_2]
Source link