U.S. futures stocks rose on Thursday, pointing to another record-setting trading session after the opening bell as investors waited for information on unemployment benefits and comments from bank chairman Jerome Powell. Central united
Futures linked to the S&P 500 were up 0.3 percent. The broad market index closed at a record 18 this year on Wednesday. The Nasdaq-100 futures were 0.9 percent ahead of tech stocks.
Stocks kicked off the second quarter on a solid base, with the S&P 500 up 2.7 percent this month, the biggest tech companies soaring ahead as the bond market calmed, raising concerns about high-value growth stocks. Comments by Fed policymakers, released on Wednesday, underscore their willingness to continue easy monetary policy until the economy recovers more.
“The move remains a supporting factor for stocks,”; said Adrien Pichoud, portfolio manager and chief economist at SYZ Private Banking.
The latest data on the number of jobless claims due at 8:30 AM ET is likely to add to evidence that layoffs are easing as the economic recovery is gathering force. Economists polled by The Wall Street Journal expect workers’ petitions for the first jobless application, a proxy for layoffs, to drop to 694,000 last week from 719,000 a week earlier.