Right here’s what we’re watching forward of Thursday’s opening bell.
- U.S. inventory futures rose, pointing to one other record-setting buying and selling session after the opening bell.
- Futures tied to the S&P 500 climbed 0.3%. The broad market index closed at its 18th report this yr on Wednesday.
- Nasdaq-100 futures superior 0.8%, pointing to good points in expertise shares. Learn our full market wrap.
- Jobless claims rose to 744,000 final week, bucking a downward pattern amid different indicators of latest labor-market enchancment.
What’s Coming Up
- At 12 p.m., Federal Reserve Chairman Jerome Powell shall be talking in regards to the international economic system on the Worldwide Financial Fund’s digital spring conferences. Livestream right here.
- Earnings are due from Levi Strauss after the closing bell.
Market Movers to Watch
—Dropping fizz: Class-A shares of Constellation Manufacturers fell 4% forward of the bell after the brewer of Corona beer stated income fell from a yr earlier than in its fiscal fourth quarter.
— Albemarle ‘s inventory climbed 1.6% after the chemical compounds firm introduced the date of its quarterly outcomes. The worth of lithium, a key ingredient in electric-vehicle batteries, has been on a tear however Albemarle’s inventory has trended decrease since January.
—Shares of social-media corporations gained in premarket buying and selling. Fb ticked up 0.7%, Twitter shares rose 1% and Snap added 1.7%.
— Textron shares bought a 2.2% enhance earlier than the open. Analysts at Goldman Sachs raised their value goal for shares of business conglomerate.