Proactive Investors - 7.04am: Stocks called higher at the open
The S&P 500 was called higher in the 5,000 points region ahead of Thursday’s opening bell, as analysts awaited a host of data on the likes of retail sales and industrial production.
Futures had the S&P 500 opening 0.1% higher at 5,024, with the Dow Jones and Nasdaq being called marginally higher at 38,535 and 17,900 respectively.
Retail sales, industrial production, jobless claims, and manufacturing indices from Philadelphia and New York, are all scheduled for release on Thursday.
According to City Index analyst Fawad Razaqzadal, markets will want to see figures weakening in the hopes base rate cuts come sooner rather than later.
Indeed, consensus is for retail sales, alongside New York and Philadelphia manufacturing, to decline, while jobless claims are expected to tick up slightly.
On the equities side, Deere & Co, Applied Materials Inc (NASDAQ:AMAT, ETR:AP2), Coinbase Global Inc (NASDAQ:COIN), Liberty Global (NASDAQ:LBTYA) Ltd and Trade Desk Inc (NASDAQ:TTD) are all due to report.