Skip to main content

Futures Up Ahead of Jobs Data

Futures are up Thursday morning in front of the initial jobless claims report, and retailer and tech earnings.

Futures are up Thursday morning in front of the Jobless Claims report and retailer and tech earnings. The Dow Jones Industrial Average futures were up by 41 points, at 10,391. S&P 500 futures were higher by 5 points, at 10914. Nasdaq futures were up by 7, at 1844. Oil rose to over $76, on the back of a rally in Asian equities, as investors focused on the prospects for accelerating Chinese demand for natural resources.

European stocks dipped after briefly hitting a one-week high, based on investors' optimism on consumer demand. Asian shares finished the session in positive territory.

M&A continues to grab headlines in the materials sector. BHP Billiton (BHP) - Get BHP Group Limited American Depositary Shares (Each representing two) Report is focusing on getting regulatory approval for its $39 billion hostile bid for Potash Corp. of Saskatchewan (POT) before trying in earnest to win over the Canadian company's shareholders, a source told Reuters on Thursday.

The fact that the market was up and the CBOE Volatility Index (VIX) was up yesterday, indicates that traders are in wait-and-see mode ahead of major economic data that will be released this morning. The Jobless Claims report is due out at 8:30 a.m. EDT and Leading Indicators and the Philadelphia Fed Survey, both to be released at 10:30 a.m. EDT. Consensus for Jobless Claims is 480,000, Leading Indicators expectations are for up 1% and consensus for the Philadelphia Fed Survey is for a reading of 7.0. The EIA Natural Gas report is due out at 10:30 a.m. EDT, and traders expect a build of 30 Bcfe.

Notable companies reporting today include: Dick's Sporting Goods (DKS) - Get Dick's Sporting Goods Inc Report, Dollar Tree Stores (DLTR) - Get Dollar Tree Inc. Report, Dell (DELL) - Get Dell Technologies Inc. Class C Report, Gap (GPS) - Get Gap Inc. (The) Report, Hewlett-Packard (HPQ) - Get HP Inc. Report, Sears Holding (SHLD) , Staples (SPLS) , Toro (TTC) - Get Toro Company (The) Report, Towers Watson (TW) - Get Tradeweb Markets Inc. Report, and Williams-Sonoma (WSM) - Get Williams-Sonoma Inc. (DE) Report.

Scroll to Continue

TheStreet Recommends

OptionsProfits, a new provider of options news from TheStreet, educates investors and acts as a catalyst for trading.

OptionsProfits, a new provider of options news from TheStreet, educates investors and acts as a catalyst for trading.

Readers Also Like:

>>Goldman Will Get Sacked

>>10 Highest-Rated Dow Dividend Stocks

>>3 ETFs Offering Safe Passage Off Hindenburg