U.S. stock futures edged higher on Thursday in what looked to be a quieter Christmas Eve trading session.
S&P 500 futures were up 0.06%, Dow Jones Industrial Average futures rose 0.13%, and Nasdaq futures gained 0.18%.
The number of new claims for unemployment benefits in the U.S. dropped by 5,000 to 267,000 in the past week, according to the Bureau of Labor Statistics. The four-week jobless claims average, which smooths out week-to-week inconsistencies, rose 1,750 to 272,500.
Wall Street will close at 1 p.m. EST on Thursday for Christmas Eve and will be closed on Friday for Christmas.
Commodity markets appeared to have stabilized after a massive rally on Wednesday. Crude oil was on track for its biggest weekly gain in two months following welcome signs of slowing production in the U.S. and forecasts of higher prices in the long-term. West Texas Intermediate crude added 0.4% to $37.63 a barrel on Friday.
SunEdison (SUNE) added 5% in premarket trading after announcing it is in talks to secure a new credit facility of up to $650 million. The potential new facility would be used to pay back loans outstanding on its existing credit facility.
Norkfolk Southern(NSC) - Get Report rejected Canadian Pacific's(CP) - Get Report latest bid, arguing that the new offer remains "grossly inadequate." Canadian Pacific had offered a higher bid on Dec. 16 after its first was rejected.
FedEx(FDX) - Get Report is reportedly having difficulty keeping up with demand. A number of retailers including Eddie Bauer and Pacific Sunwear (PSUN) warned that holiday packages have been delayed and blamed broader problems at the delivery company, according to The Wall Street Journal.
shares were on watch after the business software company agreed to buy
for $360 million. The company specializes in cloud-based billing services.