S&P Futures Climb After Worst Day Since September. - InvestingChannel

S&P Futures Climb After Worst Day Since September.

Stock futures climbed Thursday morning after the recent market rally took a breather.

Futures for the Dow Jones Industrials leaped 158 points, or 0.4%, to 37,603.

Futures for the S&P 500 hiked 25.5 points, or 0.5%, at 4,775.25.

Futures for the NASDAQ popped 115.75 points, or 0.7%, to 16,881.50.

The Dow slipped 1.3% and NASDAQ fell about 1.5%, to notch their worst sessions since October. Wednesday’s session also snapped nine-day winning streaks for both.

Micron jumped more than 4% in post-market action after beating Wall Street expectations for the first three months of its new fiscal year. The company also offered current-quarter guidance that exceeded analysts’ consensus forecasts. Salesforce gained 2% following an upgrade from Morgan Stanley.

Investors will watch Thursday for data on jobless claims and the third-quarter gross domestic product before Friday’s reading of the personal consumption expenditures price index, which is a closely followed gauge of inflation. Traders will also monitor Nike earnings expected Thursday after the bell.

In Japan, the Nikkei 225 ducked 1.6% Thursday, while in Hong Kong, the Hang Seng Index eked up 7.32 points.

Oil prices slid $1.47 to $72.75 U.S. a barrel.

Gold prices inched up 50 cents to $2,048.20 U.S. an ounce.

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