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Futures edge higher ahead of jobless claims data, earnings reports

Published by
Reuters

By Devik Jain (Reuters) – U.S. stock index futures edged higher on Thursday, with energy and mega-cap technology stocks gaining ahead of a new batch of earnings reports and data that allow investors to gauge the pace of the labor market recovery. The Labor Department’s report, due at 8:30 a.m. ET, is expected to show the number of Americans filing new claims for unemployment benefits fell for the week ended July 17, amid rampant worker shortages. Investors have been closely following the health of the jobs market on which the Federal Reserve’s monetary policy hinges, especially after a series …

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