Advertisment
U.S. stock index futures rose on Thursday as investors looked ahead to the start of a central banking summit in Jackson Hole, Wyoming.
Futures for the Dow Jones Industrials gained 41 points, or 0.2%, to 26,267.
Futures for the S&P 500 moved upward 3.25 points, or 0.1%, at 2,932.50
NASDAQ futures picked up five points, or 0.1%, to 7,755.25
In corporate news, Dick’s Sporting Goods and Nordstrom each jumped more than 7% after reporting better-than-expected earnings for the previous quarter. BJ’S Wholesale Club rallied more than 8%.
The summit kicks off on Thursday, with two regional Fed governors slated to comment on the world’s largest economy later in the day.
The Fed cut interest rates by 25 basis points in July. Market expectations for another rate cut in September are at 93.5%.
On the data front, the latest weekly jobless claims report will be released Thursday morning.
Leading index data for July and the Kansas City Fed survey, manufacturing Purchasing Managers’ Index (PMI) and services PMI for August will all follow slightly later in the session.
Overseas, in Japan, the Nikkei 225 nicked higher 0.1% Thursday, while in the Hong Kong, the Hang Seng index fell 0.8%
Oil prices hiked 42 cents to $56.10 U.S. a barrel.
Gold prices subsided $11.50 to $1,504.20 U.S. an ounce.
