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US stock futures traded lower ahead of Thursday’s trading session.
The latest step in the markets comes after a rebound day in which Wall Street made broad progress under the leadership of technology companies and banks.
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On Wednesday, the S&P 500 rose 0.9%, cracking a two-day low, closing at 4,173.42. The Dow Jones industrial average rose 0.9% to 34,137.31. Both the S&P 500 and Dow scored all-time on Friday. The tech-heavy Nasdaq added 1.2% to 13,950.22.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| Ek: DJI | DOW JONES AVERAGE | 34137.31 | +316.01 | + 0.93% |
| SP500 | S&P 500 | 4173.42 | +38.48 | + 0.93% |
| I: COMP | NASDAQ COMPOSITION INDEX | 13950.218259 | +163.95 | + 1.19% |
In the Thursday session, traders will examine the latest number of new jobless claims for last week. The expectation is 617,000, compared to a surprising pandemic low of 576,000 the previous week.
Another important report to look at is the existing home sales for March. The National Association of Realtors is expected to say that sales of previously owned homes have declined half a percent month-on-month to a seasonally adjusted annual rate of 6.19 million units. The count of 6.86 million homes in October was the highest since November 2005.
PRAYER WAR HEATED IN THE MIDDLE OF THE RED WARM HOUSE MARKET
The earnings parade begins Thursday with two Dow members delivering quarterly results – the chip giant Intel after the clock and the chemical manufacturer Dow before the start of trading. The morning also features numbers from AT&T, Valero Energy and HCA Healthcare.
Investors are weighing the company’s earnings reports while watching bond yields, which have fallen lower. Yields on the ten-year treasury fell from 1.56% to 1.54%.
In Europe, the London FTSE added 0.2%, the German DAX by 0.5% and the French CAC by 0.7%.
In Asia, the Japanese Nikkei 225 index added 2.4%, Hong Kong’s Hang Seng down 0.5% and China’s Shanghai Composite fell 0.2%.
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In other trades, the U.S. crude oil benchmark dropped 37 cents to $ 60.97 a barrel in electronic trading on the New York Mercantile Exchange. It lost $ 1.32 to $ 61.35 a barrel on Wednesday.
Brent crude, the international standard, fell 41 cents to $ 64.91 a barrel.
The Associated Press contributed to this report.