{"id":46127,"date":"2024-04-18T12:25:14","date_gmt":"2024-04-18T12:25:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/04\/18\/wall-street-aims-to-open-higher-7\/"},"modified":"2024-04-18T12:25:14","modified_gmt":"2024-04-18T12:25:14","slug":"wall-street-aims-to-open-higher-7","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/04\/18\/wall-street-aims-to-open-higher-7\/","title":{"rendered":"Wall Street Aims To Open Higher"},"content":{"rendered":"
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The reports on Weekly Jobless claims, Existing Home sales and Philadelphia-area manufacturing activity might be the highlights on Thursday. <\/p>\n

Asian shares finished mostly up, while European shares are trading broadly higher.
Early trends on the U.S. Futures Index suggest that Wall Street might open positive.<\/p>\n

As of 8.00 am ET, the Dow futures were up 90.00 points, the S&P 500 futures were adding 11.25 points and the Nasdaq 100 futures were progressing 47.25 points.<\/p>\n

The U.S. major averages all finished on Wednesday in red. The Dow posted a relatively modest loss, edging down 45.66 points or 0.1 percent to 37,753.31. The S&P 500 slid 29.20 points or 0.6 percent to 5,022.21 and the Nasdaq tumbled 181.88 points or 1.2 percent to 15,683.37.<\/p>\n

On the economic front, the Jobless Claims for the week will be issued at 8.30 am ET. The consensus is for 215K, while it was up 211K in the previous week. <\/p>\n

The Philadelphia Fed Manufacturing Index for April will be released at 8.30 am ET. The consensus is for 0.0, while it was up 3.2 in the prior year. <\/p>\n

The Existing Home Sales for March will be released at 10.00 am ET. The consensus is 4.18 million, while it was up 4.38 million in the prior month. <\/p>\n

The leading Indicators for March will be published at 10.00 am ET. The consensus is 0.0 percent, while it was up 0.1 percent in February. <\/p>\n

The Energy Information Administration or EIA’s Natural Gas Report for the week is expected at 10.30 am ET. In the prior week, the gas stock was up 24 bcf. <\/p>\n

Five-year Treasury Inflation Protected Securities or TIPS is scheduled at 1.00 pm ET.
Asian stocks rose broadly on Thursday. China’s Shanghai Composite Index finished marginally higher at 3,074.22.<\/p>\n

Hong Kong’s Hang Seng Index jumped 0.8 percent to 16,385.87.<\/p>\n

Japanese stocks eked out modest gains. The Nikkei 225 Index rose 0.3 percent to 38,079.70. The broader Topix Index settled 0.5 percent higher at 2,677.45, led by banks and chip-sector shares.<\/p>\n

Australian stocks closed higher. The benchmark S&P ASX 200 Index rose 0.5 percent to 7,642.10, with miners and banks leading the way higher. The broader All Ordinaries Index ended 0.5 percent higher at 7,898.90. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n