Markets

US Futures Edge Higher Ahead Of Jobless Claims

U.S. stock futures were slightly higher Thursday ahead of what is expected to be a modest increase in weekly jobless claims.

At 08:30 a.m. E.T., initial jobless claims data for the week ended Aug. 9 are expected to show it rose to 295,000 from 289,000 the preceding week, according to data compiled by Econoday. The consensus range is for jobless claims between 286,000 to 300,000.

Also out this morning are import and export prices. Export prices are expected to have contracted 0.1% in July from June, within the consensus range of down 0.6% to up 0.2%. In June, export prices were down 0.4%. Import prices in July are meanwhile seen slipping 0.2% within a consensus range of down 0.6% to unchanged. In June import prices rose 0.1%.

In equities, fuel cell maker Plug Power ( PLUG ) added 7.9% after reporting a Q2 loss that were in line with the Street view while revenue topped expectations. Cisco ( CSCO ) fell 1.5% after giving a fiscal Q1 guidance where the top end matched analysts' estimates and as it said it plans to cut 6,000 jobs.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CSCO PLUG

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More