Stock futures nudged higher Thursday as Wall Street looked to two key signals of US consumer health, as well as more insight on the jobs market. Futures tied to the S&P 500 and the tech-heavy Nasdaq rose 0.1%. Dow Jones Industrial Average futures pointed up 0.2%. In focus early Thursday were earnings from retail giant Walmart and monthly government retail sales data. Both data points could help address building questions about the resilience of US consumers.
3% month over month in July, which would be a boost from June's flat reading — which, nevertheless, was better than expected. Also in focus is the normally routine update on weekly jobless claims. Last week, those claims fell more than forecast, sparking a market surge that has largely pervaded throughout this week. As Yahoo Finance's Josh Schafer writes, as inflation continues to ebb, the jobs market is "where the action is going to be" for the Fed in the near future.
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