Seeking Alpha

Stock futures higher after jobless claims, China manufacturing data

  • Stocks are on track for a slightly higher open, with the S&P 500 positioned to open at or near its all-time high, after a better than expected reading on jobless claims; Dow +0.2%, S&P and Nasdaq +0.1%.
  • Major European indexes trade higher across the board, while Asia ended mixed; Hong Kong's Hang Seng and China's Shanghai Composite both fell after China's HSBC Manufacturing PMI fell to 50.3 from 51.7.
  • Yesterday's release of Fed meeting minutes, which showed a slight tilt toward hawkish sentiment, will add to focus on tomorrow's Jackson Hole comments by Fed chair Yellen.
  • In the latest batch of earnings since yesterday's close, H-P is indicated to open flat following in-line results, while Dollar Tree +4.5% premarket after boosting revenue and comp-store sales guidance while missing Q2 earnings estimates.
  • Treasurys held losses in overnight action, but the 10-year note is back near its flat line with the yield at 2.43%.
  • Still ahead: PMI flash manufacturing, existing home sales, EIA natural gas inventory.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs