Early buying interest may be generated by a report from the
The drop surprised economists, who had expected jobless claims to climb to 308,000 from the 302,000 originally reported for the previous week.
With the unexpected decrease, jobless claims fell to their lowest level since hitting 283,000 in the week ended
The upbeat jobs data points to continued improvement in the labor market but may also raise some concerns about the outlook for interest rates.
Not long after the open, the
Most economists expect new home sales to drop to an annual rate of 475,000 in June after surging higher in the previous month.
Earnings news also remains in focus on the day, with shares of Facebook (FB) jumping 7.6% in pre-market trading after the social media giant reported better than expected second quarter results on strong mobile ad growth.
Computer accessories maker
On the other hand, shares of
Big-name companies such as
With traders reacting to the latest earnings news, stocks fluctuated over the course of the trading day on Wednesday before eventually ending the session mixed. The Dow ended the day in the red, but the broader Nasdaq and S&P 500 managed to close in positive territory.
While the Dow edged down 26.91 points or 0.2% to 17,086.63, the Nasdaq rose 17.68 points or 0.4% to 4,473.70 and the S&P 500 crept up 3.48 points or 0.2% to 1,987.01. The modest gain on the day lifted the S&P 500 to a new record closing high.
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