U.S. stock futures rose Thursday, pointing to another trading session after the record high as investors waited for unemployment benefit data and comments from Federal Reserve President Jerome Powell.
Futures tied to the S&P 500 rose 0.3%. The broad market index closed at its 18th record this year on Wednesday. Nasdaq-100 futures advanced 0.9%, indicating gains in technology stocks.
The stock has started the second quarter with strong football, and the S&P 500 rose 2.7% this month. The largest technology companies have risen as the bond market calms down, easing concerns about the high valuations of growth stocks. Fed decision-makers’ comments, released Wednesday, highlighted their intention to continue with easy monetary policy until the economy has recovered more.
“The dynamics remain supportive of equities,”
The latest data on unemployment claims, expected at. Economists surveyed by The Wall Street Journal expect worker filings for initial jobless claims, a layoff attorney, fell to 694,000 last week from 719,000 the previous week.