This is what we will be looking at as the markets start moving on Thursday.US stock futures rose while investors welcome signs of progress towards a new stimulus package. New data shows that 885,000 people filed their first jobless claim last week, more than economists expected. It marked a second consecutive week of gains and suggested the economy was entering a winter slowdown.
Futures pegged to the S&P 500 were up 0.4%, suggesting that the benchmark stock meter could rise for a third consecutive day at the opening bubble. The S&P 500 closed at its second-highest level ever on Wednesday. Futures linked to the technology-focused Nasdaq-100 gained 0.5%.
The dollar extends its recent decline after most Fed officials forecast yesterday that interest rates will remain near zero for at least three years.
What is coming
FedEx will report its quarterly results after the close.
—The Kansas City Fed manufacturing survey for December, scheduled for 11 a.m., is expected to drop from 11 a month earlier to 10.