NEW YORK (TheStreet) -- U.S. stock futures were turned higher Thursday after initial jobless claims in the U.S. fell last week.
Jobless claims declined 10,000 to 278,000 for the week ended Nov. 1. Analysts had expected claims of 283,000. Nonfarm payrolls data for October will be released on Friday morning.
Dow Jones Industrial Average futures rose 33 points after the index gained 0.58% a day earlier to close at an all-time high of 17,484. S&P 500 futures rose slightly ater the index reached a record high of 2,023 on Wednesday. Nasdaq futures rose 7.30 points early Thursday.
Watch the video below for a closer look at how U.S. futures are doing in premarket trading Thursday:
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European markets erased losses after the European Central Bank kept its benchmark lending rate at 0.05%, a record low, and President Mario Draghi began a press conference.
The eurozone's largest economy, Germany, reported anemic industrial orders growth of 0.8% in September, far lower than an estimated 2.3% gain.
Oil prices will be on watch with OPEC due to present its World Oil Outlook before markets open. West Texas Intermediate crude prices have been in freefall, entering into a bear market after tumbling nearly 30% since June. On Tuesday, the commodity fell 2%, closing at a three-year low of $77.19 a barrel after Saudi Arabia cut the price of U.S. oil.
Tesla (TSLA) shares were gaining before market open, up more than 1%, after projecting several years of 50% growth. In its most recent quarter, revenue jumped nearly 100% and adjusted profit beat estimates by 3 cents a share.