Markets

US Futures Inch Higher After Fed Move

A generic image of a person on their laptop
Credit: Shutterstock photo

US futures inched higher Thursday as markets showed signs of recovery in the wake of the Federal Reserve decision in the previous session.

Oil prices posted sizable losses with global benchmark Brent crude down 2.8%, while US crude West Texas Intermediate crude was down 3.3% recently on worries about oversupply and slowing economic growth.

At 8:30 am, data are expected to show new unemployment claims rising 14,000 to a consensus of 220,000 for the Dec. 15 week. The Philadelphia Fed's general business conditions index is expected to come in at 16.5 for December from the previous level of 12.9, according to data compiled by Econoday.

At 10 am, forecasters see no change in the index of leading economic indicators for November as compared with a marginal 0.1% increase in October.

In equities, shares of Agenus Inc. ( AGEN ) were 70.1% higher pre-bell after the biopharmaceutical company entered into an immuno-oncology partnership with Gilead Sciences ( GILD ).

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

AGEN GILD

Other Topics

Stocks

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