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US Futures Steady Amid Earnings; Data Eyed

Studying market data including diagrams

US stock futures firmed up on Thursday ahead of another batch of corporate earnings and a string of readings on the US economy. Traders were also monitoring the latest developments surrounding the trade spat between the US and China.

Oil prices were mixed, following a steep decline from the previous session, with global benchmark Brent Crude up 0.07%, while US crude West Texas Intermediate was down 0.18% recently after the first round of US sanctions against Iran came into effect.

At 8:30 am, data are expected to show new unemployment claims coming in at 220,000 in the Aug. 11 week vs 218,000 in the prior week. The producers price index-final demand is seen rising steadily at 0.3% for July, according to data compiled by Econoday.

At 10 am, wholesale inventories are expected to come in unchanged in June.

In equities, Rite Aid ( RAD ) were 7.5% lower pre-bell after the company abandoned its merger deal with grocery store chain Albertsons.

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

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