Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.
U.S. stock futures advanced on Thursday following Wednesday’s mixed moves. Futures of major benchmark indices were higher.
Initial jobless claims fell to 231,000 in the week ending Sept. 11, down from the previous 264,000 claims last week and below the 241,000 consensus forecast.
Based on the September Philadelphia Fed Manufacturing Business Outlook Survey, regional manufacturing activity has shown overall expansion. The survey’s key indicators for current general activity, new orders, and shipments all saw increases, with general activity and new orders moving into positive territory. The diffusion index for current general activity rose 24 points to 23.2 in September, its highest reading since January
Meanwhile, Nvidia Corp. (NASDAQ:NVDA) announced that it’s investing $5 billion in Intel Inc. (NASDAQ:ITC) and it will collaborate with the struggling semiconductor company on products, pushing the stocks of both the firms higher in premarket.
A 25-basis-point rate cut was delivered by the Federal Reserve, with Fed Chair Jerome Powell signaling more easing could be coming, as a part of “risk management” with the shift partly driven by a cooling labor market and growing downside risks to employment.
The 10-year Treasury bond yielded 4.05% and the two-year bond was at 3.52%. The CME Group’s FedWatch tool‘s projections show markets pricing an 89.8% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.75% |
| S&P 500 | 0.89% |
| Nasdaq 100 | 1.06% |
| Russell 2000 | 1.50% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.76% at $664.22, while the QQQ advanced 1.15% to $596.77, according to Benzinga Pro data.
Cues From Last Session
Most sectors on the S&P 500 closed positively on Wednesday, with consumer staples, financial, and materials stocks posting the biggest gains. However, information technology and industrials bucked the market trend, closing lower. This contributed to a mixed settlement for U.S. stocks.
Among individual companies, General Mills Inc. (NYSE:GIS) reported fiscal 2026 first-quarter results that came in slightly ahead of Wall Street expectations. In contrast, Manchester United PLC (NYSE:MANU) shares fell more than 6% on Wednesday after the company reported mixed fourth-quarter financial results.
Economic reports showed U.S. housing starts dipping 8.5% month-over-month to an annual rate of 1.307 million units in August, missing market estimates of 1.37 million and following a revised 1.429 million …
Full story available on Benzinga.com
Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.
U.S. stock futures advanced on Thursday following Wednesday’s mixed moves. Futures of major benchmark indices were higher.
Initial jobless claims fell to 231,000 in the week ending Sept. 11, down from the previous 264,000 claims last week and below the 241,000 consensus forecast.
Based on the September Philadelphia Fed Manufacturing Business Outlook Survey, regional manufacturing activity has shown overall expansion. The survey’s key indicators for current general activity, new orders, and shipments all saw increases, with general activity and new orders moving into positive territory. The diffusion index for current general activity rose 24 points to 23.2 in September, its highest reading since January
Meanwhile, Nvidia Corp. (NASDAQ:NVDA) announced that it’s investing $5 billion in Intel Inc. (NASDAQ:ITC) and it will collaborate with the struggling semiconductor company on products, pushing the stocks of both the firms higher in premarket.
A 25-basis-point rate cut was delivered by the Federal Reserve, with Fed Chair Jerome Powell signaling more easing could be coming, as a part of “risk management” with the shift partly driven by a cooling labor market and growing downside risks to employment.
The 10-year Treasury bond yielded 4.05% and the two-year bond was at 3.52%. The CME Group’s FedWatch tool‘s projections show markets pricing an 89.8% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.75% |
| S&P 500 | 0.89% |
| Nasdaq 100 | 1.06% |
| Russell 2000 | 1.50% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.76% at $664.22, while the QQQ advanced 1.15% to $596.77, according to Benzinga Pro data.
Cues From Last Session
Most sectors on the S&P 500 closed positively on Wednesday, with consumer staples, financial, and materials stocks posting the biggest gains. However, information technology and industrials bucked the market trend, closing lower. This contributed to a mixed settlement for U.S. stocks.
Among individual companies, General Mills Inc. (NYSE:GIS) reported fiscal 2026 first-quarter results that came in slightly ahead of Wall Street expectations. In contrast, Manchester United PLC (NYSE:MANU) shares fell more than 6% on Wednesday after the company reported mixed fourth-quarter financial results.
Economic reports showed U.S. housing starts dipping 8.5% month-over-month to an annual rate of 1.307 million units in August, missing market estimates of 1.37 million and following a revised 1.429 million …
Full story available on Benzinga.com
Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.
U.S. stock futures advanced on Thursday following Wednesday’s mixed moves. Futures of major benchmark indices were higher.
Initial jobless claims fell to 231,000 in the week ending Sept. 11, down from the previous 264,000 claims last week and below the 241,000 consensus forecast.
Based on the September Philadelphia Fed Manufacturing Business Outlook Survey, regional manufacturing activity has shown overall expansion. The survey’s key indicators for current general activity, new orders, and shipments all saw increases, with general activity and new orders moving into positive territory. The diffusion index for current general activity rose 24 points to 23.2 in September, its highest reading since January
Meanwhile, Nvidia Corp. (NASDAQ:NVDA) announced that it’s investing $5 billion in Intel Inc. (NASDAQ:ITC) and it will collaborate with the struggling semiconductor company on products, pushing the stocks of both the firms higher in premarket.
A 25-basis-point rate cut was delivered by the Federal Reserve, with Fed Chair Jerome Powell signaling more easing could be coming, as a part of “risk management” with the shift partly driven by a cooling labor market and growing downside risks to employment.
The 10-year Treasury bond yielded 4.05% and the two-year bond was at 3.52%. The CME Group’s FedWatch tool‘s projections show markets pricing an 89.8% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
Futures
Change (+/-)
Dow Jones
0.75%
S&P 500
0.89%
Nasdaq 100
1.06%
Russell 2000
1.50%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.76% at $664.22, while the QQQ advanced 1.15% to $596.77, according to Benzinga Pro data.
Cues From Last Session
Most sectors on the S&P 500 closed positively on Wednesday, with consumer staples, financial, and materials stocks posting the biggest gains. However, information technology and industrials bucked the market trend, closing lower. This contributed to a mixed settlement for U.S. stocks.
Among individual companies, General Mills Inc. (NYSE:GIS) reported fiscal 2026 first-quarter results that came in slightly ahead of Wall Street expectations. In contrast, Manchester United PLC (NYSE:MANU) shares fell more than 6% on Wednesday after the company reported mixed fourth-quarter financial results.
Economic reports showed U.S. housing starts dipping 8.5% month-over-month to an annual rate of 1.307 million units in August, missing market estimates of 1.37 million and following a revised 1.429 million …Full story available on Benzinga.com Read MoreAQB, AVGO, BLSH, CBRL, DNUT, DRI, Earnings, Equities, ETNB, FDS, FDX, GIS, ITC, Macro Notification, MANU, Market Summary, News, NVDA, QQQ, SPY, Futures, Commodities, Treasuries, Top Stories, Economics, Federal Reserve, Pre-Market Outlook, Markets, ETFs, BLSH, SPY, US78462F1030, CBRL, US22410J1060, NVDA, US67066G1040, DRI, US2371941053, FDS, US3030751057, FDX, US31428X1063, GIS, US3703341046, ITC, US4656851056, AVGO, SG9999006241, QQQ, US73935A1043, MANU, AQB, ETNB, DNUT, News, Earnings, Equities, Market Summary, Macro Notification, Futures, Commodities, Treasuries, Top Stories, Economics, Federal Reserve, Pre-Market Outlook, Markets, ETFs, Benzinga Markets
