Here’s what we are watching as markets kick into gear Thursday.
—U.S. stock futures rose as investors cheered signs of progress toward a fresh stimulus package. New data showed 885,000 people made initial jobless claims last week, more than economists had expected. It marked a second consecutive week of increases, and suggested the economy was entering a winter slowdown.
Futures tied to the S&P 500 rose 0.4%, suggesting the benchmark stocks gauge may rise for a third-straight day at the opening bell. The S&P 500 closed at its second-highest level ever on Wednesday. Futures tied to the technology-focused Nasdaq-100 gained 0.5%.
The dollar is extending its recent decline after most Fed officials yesterday projected interest rates will stay near zero for at least three years.
What’s Coming Up
will report its quarterly earnings after the close.
—The Kansas City Fed’s manufacturing survey for December, due at 11 a.m., is expected to fall to 10 from 11 a month earlier.
Market Movers to Watch
—Roku shares jumped 6.2% premarket after the company reached a deal on Wednesday with AT&T Inc.’s WarnerMedia to carry the HBO Max streaming service, ending an eight-month standoff between the companies.
—Shares of homebuilder
3.5% before the bell after the company said it expects first-quarter home deliveries and new orders to be better than analysts are predicting.
shares rose 6.3% after the consulting firm posted profit and revenue that beat analysts’ expectations.
—Moderna stock rose 0.5% in offhours trade. The chairman of a federal vaccine-advisory committee said the panel is likely to recommend that the Food and Drug Administration grant an emergency-use authorization for the company’s new Covid-19 vaccine when the panel meets Thursday.
—Bitcoin surged another 7.6% Thursday to $22,857, according to CoinDesk, part of a furious rally that has seen the digital currency nearly triple this year.
Chart of the Day
Research shows that companies and governments that borrow using so-called green bonds can save a bit of money. The market for these bonds, which fund environmental objectives such as renewable power, is booming.
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Read more:Roku, Lennar, Bitcoin: What to Watch When the Stock Market Opens Today