Portfolio

US pre-open: Futures in the green ahead of jobless claims figures

By Iain Gilbert

Date: Thursday 20 Jan 2022

US pre-open: Futures in the green ahead of jobless claims figures

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Thursday as major indices looked set to try bounce back from another day of heavy losses ahead of this week's jobless claims report.
As of 1200 GMT, Dow Jones futures were up 0.38%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.52% and 0.88% higher, respectively.

The Dow closed 339.82 points lower on Wednesday, extending losses recorded in the previous session, while the Nasdaq Composite fell into correction territory.

Bond yields were firmly in focus ahead of the bell again on Thursday, with the yield on the benchmark 10-year Treasury note hovering at around 1.84%, while the two-year, the note most closely tied to Federal Reserve rate policy, most recently yielded about 1.04%.

On the macro front, jobless claims data for the week ended 15 January will be out at 1330 GMT, as will the Philadelphia Fed's January manufacturing index, while existing home sales figures for December will follow at 1500 GMT.

In the corporate space, Baker Hughes, Union Pacific, Citrix and Netflix will all report earnings throughout the course of the day.

United Airlines shares were in the red after the firm warned in its quarterly results that the Covid-19 Omicron variant had impacted bookings and would hold back its recovery from the pandemic.

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