U.S. Stocks Futures Edge Higher

U.S. stock futures pointed towards a higher start on Thursday as investors expect the ongoing momentum in the market to continue on a day which is packed with speeches from several top Fed Officials while the weekly jobless claims and pending house data releases will also be watched closely.

At last check, futures on DJIA added 0.20%; those on NASDAQ 100 gained 0.24% while futures on S&P 500 Index advanced 0.26%.

Companies expected to report quarterly results ahead of the bell include KB Home (NYSE: KBH), and ConAgra Foods Inc. (NYSE: CAG) while Nike Inc. (NYSE: NKE), and Accenture Plc (NYSE: ACN) are some of the companies slated to announce earnings after the closing bell.

Few minutes after the opening bell, New York Federal Reserve President William Dudley is expected to deliver a speech on regional economy and the job market.

Later at 10:00 a.m. EST, The Federal Reserve Governor, Jerome Powell is scheduled to speak on non-conventional monetary policy while Atlanta Fed President, Dennis Lockhart is slated to deliver a speech at 12:30 p.m. EST.

On the U.S. economic data front, the Labor Department’s weekly jobless claims report is due at 8:30 a.m. EST. Also at the same time, the Commerce Department’s personal income and spending for May is scheduled to be released.

At 10:00 a.m. EST, the National Association of Realtor’s pending home sales data is due.

In Asia, equities ended mainly higher with Japan’s leading average Nikkei 225 climbing almost 3%. European equities were choppy though, at last check.

In some other markets, crude oil futures gained 0.13% to $95.62 a barrel while gold futures inched up 0.03% to $1,230.20 an ounce.

 

edliston

edliston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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