A ‘Making Money’ panel featuring Phil Blancato, Gary Kaltbaum and Luke Lloyd discusses ‘the most annoying bull market of all time’.
US stock futures are trading lower in the run-up to Thursday’s trading session.
The latest move in the markets comes after a recovery day in which Wall Street had a widespread advance led by tech companies and banks.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
On Wednesday, the S&P 500 rose 0.9%, closing on a two-day slide at 4,173.42. The Dow Jones Industrial Average rose 0.9% to 34,137.31. Both the S&P 500 and Dow hit record highs on Friday. The technology-heavy Nasdaq added 1.2% to 13,950.22.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 34137.31 | +316.01 | + 0.93% |
| SP500 | S&P 500 | 4173.42 | +38.48 | + 0.93% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13950.218259 | +163.95 | + 1.19% |
In Thursday’s session, traders will be looking at the latest count for new unemployment claims for last week. Expectations are for 617,000, up from a surprising pandemic low of 576,000 the week before.
Another important report to keep an eye on is existing home sales in March. The National Association of Realtors is expected to say sales of previously owned homes fell half a percent month-over-month in March to a seasonally adjusted annual rate of 6.19 million units. With 6.86 million homes in October, it was the highest number since November 2005.
WATCHES WERE ON BETWEEN THE RED HOUSING MARKET
The earnings parade rolls on Thursday with two Dow members posting quarterly results – chip giant Intel after the bell and chemical maker Dow before the start of trading. The morning also features songs from AT&T, Valero Energy and HCA Healthcare.
Investors are weighing corporate earnings reports while keeping an eye on bond yields, which are declining. The yield on the 10-year Treasury fell from 1.56% to 1.54%.
In Europe, the London FTSE added 0.2%, the German DAX gained 0.5% and the French CAC rose 0.7%.
In Asia, Japan’s Nikkei 225 Index added 2.4%, Hong Kong’s Hang Seng Index added 0.5% and China’s Shanghai Composite Index added 0.2%.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
In other trades, US crude lost 37 cents to $ 60.97 a barrel in electronic trading on the New York Mercantile Exchange. It lost $ 1.32 to $ 61.35 a barrel on Wednesday.
Brent crude, the international standard, fell 41 cents to $ 64.91 a barrel.
The Associated Press contributed to this report.