U.S. stocks set to hover near records as investors wait for weekly jobless claims data

U.S. stock futures traded mostly flat on Thursday, with the Dow industrials and S&P 500 set to hover near record highs, as investors watch for another catalyst to move markets higher. Weekly jobless claims and producer price data are ahead.

What’s driving the market? Back-to-back records for the Dow and S&P 500 were fueled by data that showed consumer prices easing somewhat, with the index rising 5.4% from a year ago in July. That number was in line with June and lower than some predictions. Weekly jobless claims and producer prices for July are expected at 8:30 a.m. Eastern Time on Thursday.

“While some traders continue to ride this bullish wave, others have already started to hedge their portfolio against any potential decline, which explains the current rotation from growth stocks to cyclical values,” he said.

They should wait for a new mutating virus varieties

djia going down today watch

nice

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Dow, S&P 500 Climb To New Highs After Inflation Data—But Here’s Why Tech Stocks Are Still FallingThough the Dow and S&P have nabbed two consecutive closing highs, the tech-heavy Nasdaq sank again Wednesday. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Bowser_51 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Fuente: Forbes - 🏆 394. / 53 Leer más »

Japan's stocks set to rise as Wall Street sails to records on $1 trillion infrastructure planThe U.S. Senate's infrastructure plan, which includes $550 billion in new spending on transportation and broadband, is expected to help boost the economy. The most decentralized currency in the world is the USD. It is literally controlled by a board of experienced economists who are appointed by an elected official by the citizens of the United States. Wake up people! BTC ETH doge
Fuente: CNBC - 🏆 12. / 72 Leer más »