{"id":260386,"date":"2021-05-27T16:09:00","date_gmt":"2021-05-27T13:09:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-futures-edge-higher-after-further-drop-in-jobless-claims\/"},"modified":"2021-05-27T16:09:00","modified_gmt":"2021-05-27T13:09:00","slug":"dow-futures-edge-higher-after-further-drop-in-jobless-claims","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-after-further-drop-in-jobless-claims\/","title":{"rendered":"#\n  Dow futures edge higher after further drop in jobless claims"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407efd6c3ef\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407efd6c3ef\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-after-further-drop-in-jobless-claims\/#What_are_major_benchmarks_doing\" >What are major benchmarks doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-after-further-drop-in-jobless-claims\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-after-further-drop-in-jobless-claims\/#Which_companies_are_in_focus\" >Which companies are in focus?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-after-further-drop-in-jobless-claims\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Dow futures edge higher after further drop in jobless claims<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000284898\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Stock-index futures were mostly a shade lower Thursday as investors await weekly data on jobless benefit claims as well as an updated look at first-quarter gross U.S. domestic product and other economic data.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_major_benchmarks_doing\"><\/span>What are major benchmarks doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Futures on the Dow Jones Industrial Average<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"positive\">+0.45%<\/bg-quote><br \/>\n       were up 6 points, or less than 0.1%, at 34,286.<\/p>\n<\/li>\n<li>\n      S&amp;P 500 futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"positive\">+0.12%<\/bg-quote><br \/>\n       fell 7.35 points, or 0.2%, to 4,185.75.,<\/p>\n<\/li>\n<li>\n      Nasdaq-100 futures<br \/>\n        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"negative\">-0.20%<\/bg-quote><br \/>\n       shed 47 points, or 0.3%, to trade at 13,653.25.<\/p>\n<\/li>\n<\/ul>\n<p>On Wednesday, stocks essentially fought to a draw in another low-volume session, with the Dow<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.03%<\/bg-quote><br \/>\n       eking out a gain of 10.59 points, or less than 0.1%, while the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.19%<\/bg-quote><br \/>\n       rose 0.2%. The tech-heavy Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.59%<\/bg-quote><br \/>\n       outpaced its peers, finishing 0.6% higher.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Stocks are stuck in a holding pattern, with investors focused on the Federal Reserve\u2019s slowly shifting rhetoric around when it will begin discussions on pulling back on bond purchases.<\/p>\n<p>On Wednesday, Randal Quarles, the Fed\u2019s vice chairman for supervision, said it would soon be time for Fed officials to begin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/feds-quarles-if-economy-meets-expectations-time-to-talk-taper-approaching-11622057556?page=1\" class=\"icon none\">debating slowing the central bank\u2019s bond purchases<\/a>, if the economy continues to improve at its current pace.  Federal Reserve Vice Chair Richard Clarida also said U.S. central bank officials may be able to begin discussing the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-25\/clarida-says-fed-may-be-able-to-talk-taper-in-upcoming-meetings?sref=3zYETA5s\" class=\"icon none\">appropriate timing of scaling back their bond-buying <\/a>program at upcoming policy meetings, <\/p>\n<p>Still, long-term Treasury yields remain well below their March peaks \u201cand there\u2019s no sense of panic at all in bond markets about a soon-to-have taper debate at the Fed,\u201d said Raffi Boyadjian, senior investment analyst at XM, in a note.<\/p>\n<p>Trading activity is likely to remain subdued heading into a three-day weekend. U.S. markets will be closed Monday for the Memorial Day holiday.<\/p>\n<p>The S&amp;P 500 index is largely unchanged over the past month, with value indexes substantially outpacing growth, and large-cap stocks beating small-caps, noted Mark Hackett, chief of investment research at Nationwide. Energy, financials and materials have been top performers, while consumer discretionary, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and utilities are negative.<\/p>\n<p>\u201cAs the cycle continues to mature, quality companies on the growth and value spectrum that have strong competitive positions, healthy balance sheets and multiple levers for growth should emerge as leaders, while the expensive \u2018story stocks\u2019 on the growth side and deep value could struggle,\u201d he said.<\/p>\n<p>Meme stocks <strong><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop Corp.<\/strong><br \/>\n        GME,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203755179\/composite\" class=\"positive\">+15.82%<\/bg-quote><br \/>\n       and <strong>AMC Entertainment Holdings Inc.<\/strong><br \/>\n        AMC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200235402\/composite\" class=\"positive\">+19.20%<\/bg-quote><br \/>\n       continued to steal the spotlight, with shares soaring for a third day Wednesday as retail traders piled into what is now another squeeze on hedge funds and other institutional investors shorting the stock. GameStop shares were down 2.9% in premarket trade, while AMC fell 5%.<\/p>\n<p>Weekly data on U.S. jobless benefit claims is due at 8:30 a.m. Eastern, with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications for first time unemployment benefits in the week ended May 22 expected to drop to 425,000 from 444,000 a week earlier. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>At the same time, a revised look at first-quarter gross domestic product is expected to show the economy grew at an annualized pace of 6.6%. April durable goods orders, also due at 8:30 a.m., are expected to rise 0.9%.<\/p>\n<p>An April pending home-sales index scheduled for 10 a.m. is expected to slow to 1% after a 1.9% March reading.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_companies_are_in_focus\"><\/span>Which companies are in focus?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Shares of <strong>Nvidia Corp.<\/strong><br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+0.33%<\/bg-quote><br \/>\n       were flat in premarket trade after the gaming specialist reported results late Wednesday that broke several quarterly sales records and forecast revenue growth as much as $1 billion above Wall Street estimates for the current quarter amid a global chip shortage.<\/p>\n<\/li>\n<li>\n      <strong>Snowflake Inc.<\/strong><br \/>\n        SNOW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/220991541\/composite\" class=\"positive\">+2.30%<\/bg-quote><br \/>\n       shares fell 3.5% after the software company Wednesday afternoon revealed that losses that were growing at a rate similar to its booming sales totals. <\/p>\n<\/li>\n<li>\n      <strong>Okta Inc. <\/strong><br \/>\n        OKTA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210420951\/composite\" class=\"positive\">+0.97%<\/bg-quote><br \/>\n       shares dropped 3.8% after the cloud-software company reported fiscal first-quarter results late Wednesday.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Workday Inc. <\/strong><br \/>\n        WDAY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201157610\/composite\" class=\"positive\">+0.21%<\/bg-quote><br \/>\n       were down 1.1% after the enterprise cloud-software company late Wednesday attributed its first-quarter results to an improving market as companies prepare their businesses for a \u201cpost-pandemic world.\u201d<\/p>\n<\/li>\n<li>\n      <strong>Burlington Stores Inc.<\/strong><br \/>\n        BURL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203203718\/composite\" class=\"positive\">+1.99%<\/bg-quote><br \/>\n       shares rose 2.9% after the discount retailer on Thursday blew past earnings estimates for its fiscal first quarter.<\/p>\n<\/li>\n<li>\n      <strong>Best Buy Co. Inc.<\/strong><br \/>\n        BBY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205918291\/composite\" class=\"positive\">+2.22%<\/bg-quote><br \/>\n       shares rose 2.8% after the electronics retailer delivered earnings and revenue that topped forecasts and said it sees second-quarter same-store sales up 17%.<\/p>\n<\/li>\n<li>\n      <strong>Elf Beauty Inc. <\/strong><br \/>\n        ELF,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202760864\/composite\" class=\"positive\">+4.04%<\/bg-quote><br \/>\n       late Wednesday reported results that blew past Wall Street expectations for its fiscal fourth quarter and said it expects an increase between 8% and 10% for its sales in fiscal 2022. Shares were down more than 3%.<\/p>\n<\/li>\n<li>\n      <strong>Williams-Sonoma Inc.<\/strong><br \/>\n        WSM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202067350\/composite\" class=\"positive\">+2.58%<\/bg-quote><br \/>\n       said Wednesday that profit surged in the latest period while revenue rose 42%, reflecting a pandemic boost to home-product sales. Shares rose 4.9%.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Zuora Inc.<\/strong><br \/>\n        ZUO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203058166\/composite\" class=\"positive\">+1.76%<\/bg-quote><br \/>\n       were up 0.5% after the maker of software for subscription-based businesses delivered results late Wednesday that beat Wall Street expectations.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7458-E20A85F96F1B%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dow futures edge higher after further drop in jobless claims &#8221; Stock-index futures were mostly a shade lower Thursday as investors await weekly data on jobless benefit claims as well as an updated look at first-quarter gross U.S. domestic product and other economic data. What are major benchmarks doing? Futures on the Dow Jones&#8230;<\/p>\n","protected":false},"author":1,"featured_media":260387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-260386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/260386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=260386"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/260386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/260387"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=260386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=260386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=260386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}