This is what we look at on Thursday leading up to the opening bell.
–US stock futures rose as investors watched after the storming of Congress on Wednesday night by a pro-Trump gang that disrupted the Senate’s confirmation of Joe Biden’s election victory. Futures pegged to the Dow Jones Industrial Average were up 0.4%, suggesting that the index of blue chip stocks will extend a rally that pushed it to an all-time high on Wednesday. S&P 500 futures also rose 0.6%.
Futures on the Nasdaq-100 Index were up 0.8%, suggesting giant technology stocks could make up for some of their losses. Tech stocks took a beating on Wednesday as investors pushed for other stocks more dependent on economic growth.
What is coming
– Weekly unemployment claims were lower than expected, with an additional 787,000 for the week of January 2, versus expectations of 815,000. Trade data showed a larger than expected deficit for November at $ 68.1 billion, compared to a deficit of $ 63.1 billion in the previous month.
Market Movers to keep an eye on
– Bed Bath & Beyond inventory was down nearly 13% in premarket trading, after sales and profit were both weaker than expected in the third quarter. The company blamed Covid-19, which meant fewer customers in the stores and shipping issues.