U.S. equity futures are pointing to a rebound following Wednesday’s down session.
The major futures indexes suggest a gain of 0.3% when the opening bell rings on Wall Street.
Thursday’s economic reports will center on jobs and manufacturing.
The Labor Department will report its tally of new claims for unemployment benefits for last week. Expectations are for 260,000, down 7,000 from the previous week to another pandemic low. Continuing claims, which track the total number of unemployed workers collecting benefits, are anticipated to slip by 40,000 to 2.120 million.
At the same time the Philadelphia Federal Reserve will release its index of manufacturing activity for eastern Pennsylvania, southern New Jersey, and Delaware. It’s expected to inch up two-tenths of a point this month to 24.0. Any reading above zero means that more manufacturers say business conditions are improving rather than worsening.
And the Conference Board’s Leading Economic index will be released for October. Watch for a 0.8% increase from the prior month.