U.S. stock-index futures were trading lower Thursday morning after a series of gains pushed the Nasdaq Composite to within 2% of its all-time high, as a gradual restart to the U.S. and world economies from coronavirus-induced closures helps support bullish sentiment.
Investors will be watching for a report on weekly U.S. jobless claims to gauge whether the worst of the impact of the viral outbreak has occurred, while a policy decision from the European Central Bank later in the morning could influence trading in U.S. assets.
How are benchmarks performing?
Futures for the Dow Jones Industrial Average YM00, -0.52% YMM20, -0.52% were 137 points, or 0.5%, lower at 26,091, those for the S&P 500 index ESM20, -0.56% ES00, -0.56% were off 16.45 points, or 0.5%, at 3,101.25, while Nasdaq-100 futures NQ00, -0.27% NQM20, -0.27% were trading 0.2% lower at 9,663.75, a decline of 21 points.
On Wednesday, the Dow DJIA, +2.04% advanced 527.24 points, or 2.1%, to close at 26,269.89, while the S&P 500 SPX, +1.36% rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data. The Nasdaq Composite Index COMP, +0.77% rose 74.54 points, or 0.8%, ending at 9,682.91, or 1.4% away from its all-time closing high of 9,817.18 in February.