From wsj.com's "U.S. Stock Futures Rise Ahead of Jobless Claims Data" posted early Thursday:
U.S. stock futures ticked up Thursday ahead of fresh data on the number of Americans claiming unemployment benefits, which is likely to show marginal gains as the labor market continues its halting recovery...
Economists expect data on applications for jobless benefits, due to be released at 8:30 a.m. ET, will have ticked down to 825,000 last week, from 837,000 a week earlier. The figures are viewed as a proxy for layoffs, and will be monitored closely to assess the extent to which companies continue to reduce head count. This metric is still likely to be above pre-pandemic highs, despite dropping sharply from a peak of near 7 million in March...
The S&P 500 climbed Wednesday to its highest close in over a month after President Trump tweeted his support for individual spending packages aimed at small business, airlines and delivering checks to households.
Discussions appear to remain ongoing, though Republicans and Democrats remain at odds over crucial details. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke briefly on Wednesday about a stand-alone stimulus bill for the airline industry, sending carriers’ stocks higher.
“It’s still all about stimulus at this point: we’re seeing markets move on optimism that some kind of package is going to get done,” said Esty Dwek, head of global market strategy at Natixis Investment Managers. “It’s just a question of how much the Republicans will agree to.”
My take: Lucy and the football.