This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Market Hustle: Futures Remain Firm After Jobless Claims Report

Stocks in this article: ^DJI ^GSPC ^IXIC YELP GM DNKN

NEW YORK (TheStreet) -- U.S. stock futures were pointing to a firmer open Thursday as jobless claims came in lower than expected and central banks in Europe kept their benchmark interest rates at historic lows.

  • Futures for the S&P 500 were rising 6.25 points, or 4.01 points above fair value, to 1,750.25. Futures for the Dow Jones Industrial Average were higher by 58 points, or 49.77 points above fair value, to 15,425. Nasdaq futures were up 16.5 points, or 13.6 points above fair value, to 3,462.

  • Initial jobless claims for the week ended Feb. 1 fell to 331,000, which was lower than estimates of 335,000. The December U.S. international trade deficit, meanwhile, widened to $38.7 billion vs. estimates of $36 billion.
  • Friday's January nonfarm payrolls report is expected to show an increase to 185,000 jobs added after December's scant 74,000. "The ADP employment report (Wednesday) ... failed to meet expectations in January and January's manufacturing activity as reflected in Monday's ISM manufacturing index was weak," Say Hwa, head of investment at Singapore-based Phillip Futures, said in a note. "There exists now a higher possibility that nonfarm payrolls will fail to meet expectations this Friday."

  • Federal Reserve Governor Daniel Tarullo is scheduled to testify on Dodd-Frank before the Senate Banking Committee in Washington at 10 a.m. EST

  • The European Central Bank on Thursday kept its benchmark interest rate at a historical low of 0.25%. 

  • The Bank of England kept interest rates at a record low of 0.5%.

  • The FTSE in London was climbing 0.6% and the DAX in Germany was up 0.52%. The Hong Kong Hang Seng finished up 0.72% and the Nikkei 225 in Japan closed down 0.18%.

  • Yelp (YELP) was surging more than 7.5% to $81.05 in premarket trading after its fourth-quarter report showed better-than-expected sales and upbeat usership growth.

  • General Motors (GM) was off 3.77% to $33.91 after posting fourth-quarter earnings per share of 67 cents, which came in far weaker than the Wall Street target of 88 cents amid disappointing sales. Dunkin Brands (DNKN) was up 2.01% to $48.25 after quarterly EPS topped expectations by 3 cents at 43 cents.

-- Written by Andrea Tse in New York

Copyright 2014 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs