U.S. stock index futures rose on Thursday, ahead of the much-awaited jobs report that could signal further evidence of an economic rebound in June. However, gains remained limited by the record surge in daily COVID-19 cases.
Dow e-minis gained 0.92% (235 points) at 6:39 AM ET, while S&P 500 e-minis jumped by 0.62% (19.25 points). NASDAQ e-minis gained 0.38%, or 39 points.
Tourism-sensitive stocks were among the biggest gainers in premarket trade, with Cruise line operators such as Carnival Corp, Royal Caribbean Cruises Ltd, and Norwegian Cruise Line Holdings Ltd all gaining between 3% and 4%.
Economically-sensitive stocks such as Morgan Stanley, Goldman Sachs, Citigroup Inc, JPMorgan Chase, and Bank of America Corp all rose between 1% and 3%.
3Q earnings for companies in the S&P index are expected to fall by 25%, compared to April’s projections of a 2.7% drop, according to IBES data from Refinitiv. Its 2Q earnings are forecast to have plunged 43%.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...