{"id":130834,"date":"2021-07-01T12:46:16","date_gmt":"2021-07-01T12:46:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=130834"},"modified":"2021-07-01T12:46:16","modified_gmt":"2021-07-01T12:46:16","slug":"sp-futures-near-record-high-with-jobless-claims-in-focus","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/sp-futures-near-record-high-with-jobless-claims-in-focus\/","title":{"rendered":"S&P futures near record high with jobless claims in focus"},"content":{"rendered":"
(Reuters) – Futures tracking the S&P 500 hovered near a record high on Thursday, with investors awaiting a batch of economic data to gauge the health of the U.S. economy following strong gains for the equity market in the first half of the year.<\/p> The Labor Department\u2019s weekly jobless claim report, due at 8:30 a.m. ET, is expected to show the number of Americans filing for unemployment benefits fell for the week ended June 26, albeit at a slower pace amid labor shortages.<\/p>\n Separately, data on U.S. factory activity and construction spending is scheduled at 10 a.m. ET.<\/p>\n With the S&P 500 and the Nasdaq hitting a series of record highs last month, investors are razor-focused on Friday\u2019s nonfarm payrolls report, where a strong reading could force the U.S. Federal Reserve to rethink its accommodative stance.<\/p>\n The Fed\u2019s surprisingly hawkish tone in June had accelerated a move into the so called \u201csafe haven\u201d tech-heavy growth stocks from energy, financials and industrial names that stand to benefit the most from the reopening economy.<\/p>\n Focus also shifts to the second-quarter earnings season, beginning July, to gauge whether the first-half momentum could continue further for the remaining year.<\/p>\n At 6:41 a.m. ET, Dow e-minis were up 7 points, or 0.02%, S&P 500 e-minis were down 0.25 points, or 0.01%, and Nasdaq 100 e-minis were down 32.5 points, or 0.22%.<\/p>\n Micron Technology Inc slipped 2.9% premarket even as it beat estimates for quarterly profit and forecast fourth-quarter revenue above expectations.<\/p>\n Didi Global Inc jumped 8.5%, a day after its shares ended their first day of U.S. trading slightly over their initial public offering price, valuing China\u2019s ride-hailing giant at $68.49 billion.<\/p>\n Walgreens Boots Alliance Inc rose 0.8% ahead of its third-quarter results.<\/p>\n