A previous version incorrectly identified the housing-market indicator due for release. It’s pending-home sales.
U.S. stock futures edged higher Thursday ahead of a report on the health of the U.S. economy, as investors await the trading debut of online brokerage Robinhood Markets.
Futures on the Dow Jones Industrial Average
rose 140 points;
Futures on the S&P 500
Futures on the Nasdaq 100
On Wednesday, the Dow
and the S&P 500
closed lower, while strong results from Google owner Alphabet
carried the Nasdaq Composite
What’s going on
The Commerce Department reports second-quarter gross domestic product figures, with expectations for an 8.5% annualized rise. There’s also weekly jobless claims and pending home sales data due for release.
Earnings season continues as online retailing giant Amazon.com
reports after the close of trade. Facebook
shares were trading lower in premarket action as the social media giant, like other tech titans, beat second-quarter earnings estimates but also guided to slowing revenue growth in the second half of the year.
Like Facebook, PayPal
also beat estimates but said current quarter sales would miss expectations.
makes its long-awaited debut after pricing its initial public offering at the low end of expectations.
The Hang Seng
rallied 3.3% on reports Chinese authorities tried to placate top foreign institutions about a wave of regulatory actions. China has no intention to decouple from global markets, the Wall Street Journal quoted the vice chairman of the China Securities Regulatory Commission as saying.