Future U.S. stock markets rose Thursday after new data showed the labor market continues its slow, stagnant recovery.
Futures linked to the S&P 500 rose 0.4%, indicating that the broad market indicator may advance after the opening in New York, breaking two consecutive days of off losses. Contracts related to the Nasdaq-100, which has had a lot of technology, rose 0.5% and those tied to the Dow Jones industrial average rose 0.3%.
Continued progress toward approving a $ 1.9 trillion stimulus package in the United States reinforces sentiment, as investors hope to further dampen the economic impact of Covid-19 closures. While some data have shown signs of improvement in the labor market, investors expect high numbers of unemployment claims to support the need for more stimulus.
New data showed that 793,000 Americans applied for unemployment benefits for the first time the week ending Feb. 6. New applications from the previous week were reviewed above 812,000.
“Obviously, there are still a significant number of jobs that have been lost, and it is clear that more tax support is needed,” Shoqat Bunglawala, head of multiasset solutions, international at Goldman Sachs Asset Management, said before the data.