Size of the text
After first jobless claims beat expectations, stocks were set for a mixed start. Futures in the stock market
The Dow Jones Industrial Average is a stock market index that measures how well
While the S&P 500 rose 64 points, or 0.2 percent, the Dow Jones Industrial Average fell 64 points, or 0.2
S&P 500 Index
Futures increased by 0.1 percent.
The Nasdaq Composite Index
The price of futures fell by 0.1 percent.
In the most recent week, initial unemployment claims fell to 364,000, beating expectations of 390,000 claims and setting a new historic low. The ADP payrolls report, released on Wednesday, also exceeded forecasts. Investors are watching job numbers to see if the economy is still on track to recover. Manufacturing data will be available later today. The most recent data has set the tone for the June jobs report, which is slated to be released on Friday. Payrolls are expected to rise by 706,000 people. The market wants to see a large number of new jobs created, but not so many that the Federal Reserve is compelled to act quickly to slow the economy. “Markets will desire ‘Goldilocks’ data to start the quarter,” writes Tom Essaye, founder of Sevens Report Research, “in that the statistics reflect good activity, but nothing that would prompt the Fed to taper more aggressively.” Here are five stocks that have moved in the premarket on Thursday:
Walgreens Boots Alliance is a joint venture between Walgreens and Boots.
(ticker: WBA) stock dipped 1.2 percent after the company reported a profit of $1.51 per share on $34 billion in sales, exceeding projections of $1.17 per share.
Micron Technology is a type of semiconductor.
(MU) shares fell 1.7 percent after the company reported a profit of $1.88 per share, topping analysts’ expectations of $1.71 per share, on sales of $7.4 billion, which exceeded projections of $7.2 billion.
Thor Industries is a company that specializes in manufacturing
The stock of THO climbed 1.6 percent after Citigroup upgraded it to Buy from Neutral.
Hawaiians were the first to arrive in America.
(FHB) gained 1.2 percent after Wells Fargo upgraded it from Underweight to Equal Weight.
Polaris
The stock of (PII) fell 1% after Longbow downgraded it from Buy to Neutral. Jacob Sonenshine can be reached at jacob.sonenshine@barrons.com./n
Read More
