A series of events taking place on Thursday could impact trading including Fed Chairman Powell's testimony on Capitol Hill and weekly jobless claims numbers.
for last week. Expectations are for 227,000, little changed from 229,000 the previous week, holding slightly above pre-pandemic levels. Continuing claims, which track the total number of workers collecting unemployment benefits, are anticipated to inch higher for a third week, to 1.315 million, up from a 52-year low and signaling an exceptionally tight labor market.
: Readings are due on its flash manufacturing and services reports for June. Watch for manufacturing activity to fall one point to 56.0. Services sector activity is expected to edge up to 53.5. A reading above 50 indicates an expanding sector.Quarterly results will ramp up on Thursday with Accenture, Darden Restaurants, FactSet Research Systems and Rite Aid before the market opens. Meanwhile, BlackBerry, FedEx and Smith & Wesson Brands will take the spotlight after the bell.
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