That’s what we’re seeing in front of Thursday’s opening bell.
–Future U.S. stock markets rose while investors watched the assault on Congress Wednesday night by a pro-Trump crowd that interrupted Senate confirmation of Joe Biden’s election victory. Dow Jones Industrial Average futures gained 0.4%, suggesting that the blue chip stock index will extend a rebound that pushed it to a record high close on Wednesday. Futures S&P 500 also rose 0.6%.
Nasdaq-100 index futures rose 0.8%, suggesting tech giant stocks may recover some of their losses. Technology stocks suffered a beating on Wednesday when investors entered other stocks that are more dependent on economic growth.
What’s going on?
—The weekly unemployment claims were lower than expected, with a total of 787,000 for the week of January 2, compared to expectations of 815,000. Trade data showed a larger-than-expected deficit for November of $ 68.1 billion, up from $ 63.1 billion in the previous month.
Market Movers to Watch
– Bed Bath & Beyond shares fell nearly 13% in premarket trading, after sales and profits were weaker than expected in the third quarter. The company blamed the Covid-19, which meant fewer shoppers in its stores and shipping issues.