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5 things to know before the stock market opens Thursday

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Dow futures were lower and Nasdaq futures were higher Thursday, one day after a tech-led rally on Wall Street.

The presumptive Democratic presidential nominee calls for a $400 billion, four-year increase in government purchasing of U.S.-based goods and services, with another $300 billion toward research and development.

In his plan being released Thursday, the former vice president also wants to tighten current "Buy American" laws. An outline released by Biden's campaign also touts his long-standing promises to strengthen workers' collective bargaining rights and to repeal GOP-passed tax breaks for U.S. companies.Traffic is directed at Dodger Stadium as people arrive for COVID-19 testing on June 30, 2020 in Los Angeles, California.

Over the last two weeks, California has seen a 44% increase in hospitalizations and 34% increase in intensive care unit admissions. Gov. Gavin Newsom said Wednesday that state hospitals were "still only at 8% capacity." But he warned, "That could change quickly," urging personal responsibility.

 

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They forgot stocks set to rally on horrid unemployment data for the 12th time.

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