The Labor Department’s Jobless Claims, the Commerce Department’s Durable Goods Orders, GDP and the National Association of Realtors’ Pending Home Sales might be the highlight on Thursday.
Investors are discussing the reciprocal tariff on European cars and other goods by President Donald Trump.
Asian shares finished mixed, while European shares are trading mostly down.
Early trends from the U.S. Futures Index suggest that Wall Street might open positive.
As of 7.40 am ET, the Dow futures were up 132.00 points, the S&P 500 futures were progressing 41.50 points and the Nasdaq 100 futures were gaining 193.50 points.
The U.S. major averages closed mostly up on Wednesday. The tech-heavy Nasdaq ended up 48.88 points or 0.3 percent to 19,075.26. The S&P 500 finished 0.81 points higher to 5,956.06, while the narrower Dow slid 188.04 points or 0.4 percent to 43,433.12.
On the economic front, the Commerce Department’s Durable Goods Orders for January is expected at 8.30 am ET. The consensus is for an increase of 1.9 percent, while it was down 2.2 percent in December.
The Commerce Department’s Gross Domestic Product or GDP for the fourth quarter will be published at 8.30 am ET. The consensus is for an increase of 2.3 percent, while it was up 2.3 percent in the previous quarter.
The Labor Department’s Jobless Claims for the week is scheduled at 8.30 am ET. The consensus is 244K, while it was up 219K in the prior week.
The National Association of Realtors’ Pending Home Sales Index for January will be issued at 10.00 am ET. The consensus is for a decline of 1.2 percent, while it was down 5.5 percent in the prior month.
The Kansas City Fed Manufacturing Index for February is expected at 11.00 am ET. In the prior month, the Level was down 5.
The Fed Balance Sheet for the week will be revealed at 4.30 pm ET. In the prior week, the Level ws up $6.682 trillion.
Asian shares ended mixed on Thursday. China’s Shanghai Composite index rose 0.23 percent to 3,388.06. Hong Kong’s Hang Seng index dropped 0.29 percent to 23,718.29.
Japanese markets eked out modest gains. The Nikkei average rose 0.30 percent to 38,256.17 while the broader Topix index settled 0.73 percent higher at 2,736.25.
Australian markets closed higher. The benchmark S&P/ASX 200 ended up 0.33 percent at 8,268.20. The broader All Ordinaries index closed up 0.34 percent at 8,506.10.
European shares are trading lower. CAC 40 of France is losing 30.22 points or 0.37 percent. DAX of Germany is down 133.16 points or 0.58 percent. FTSE 100 of England is adding 22.91 points or 0.26 percent. The Swiss Market Index is sliding 55.00 points or 0.42 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is down0.60 percent.
Business News
Wall Street Targets To Open Positive
2025-02-27 13:03:01
