The futures saw continued strength following the release of a report from the
The drop came as a surprise to economists, who had expected jobless claims to edge up to 305,000 from the 302,000 originally reported for the previous week.
The data provides another positive sign for the labor market but may also fuel further speculation about the Federal Reserve raising interest sooner than anticipated.
"For the Fed, today's data point is another figure pointing out how far behind the reality of the data they are falling," he added.
Traders are also keeping an eye on developments overseas, where the
However, Draghi acknowledged that the dispute with
Stocks fluctuated over the course of the trading day on Wednesday before ending the session nearly flat. Relatively light trading activity may have contributed to the volatility on
The major averages ended the day near the unchanged line, with the S&P 500 inching up just 0.03 points to 1,920.24. The Dow edged up 13.87 points or 0.1% to 16,443.34 and the Nasdaq crept up 2.22 points or 0.1% to 4,355.05.
In overseas trading, stock markets across the
Meanwhile, the major European markets are turning in a mixed performance on the day. While the German DAX Index is up by 0.1%, the
In commodities trading, crude oil futures are climbing
On the currency front, the US dollar is trading at
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