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Home>UPDATE: Stock market set to open near record levels; Fed speakers in spotlight

UPDATE: Stock market set to open near record levels; Fed speakers in spotlight

UPDATE: Stock market set to open near record levels; Fed speakers in spotlight

10/05/2017

By Barbara Kollmeyer, MarketWatch , Ryan Vlastelica

Constellation Brands and SeaWorld shares in focus

U.S. stock-index futures indicated a flat to slightly higher start for Wall Street on Thursday, potentially pushing major indexes to another round of records as investors await appearances by several Federal Reserve officials.

What are stock benchmarks doing?

Dow Jones Industrial Average futures were up 16 points to 22,623, while S&P 500 futures inched up 2 points to 2,538 and Nasdaq-100 futures added 18 points to 6,022. Both Dow and S&P 500 futures were up 0.1%, while Nasdaq futures gained 0.3%.

Stocks eked out records and extended a streak of advances on Wednesday (http://www.marketwatch.com/story/us-stocks-set-to-catch-their-breath-after-record-run-but-tesla-jumps-2017-10-04). The S&P 500 finished up 0.1% to a record of 2,537.74, the seventh-straight positive session. The Dow industrials closed up 0.1% to an all-time high of 22,661.57, while the Nasdaq Composite Index also rose 0.1% to 6,534.63.

What could drive markets?

In the latest economic data, initial jobless claims fell by 12,000 (http://www.marketwatch.com/story/jobless-claims-drop-12000-to-260000-as-disruptions-from-hurricanes-ease-2017-10-05) (http://www.marketwatch.com/story/jobless-claims-drop-12000-to-260000-as-disruptions-from-hurricanes-ease-2017-10-05) in the latest week. Separately, the U.S. trade deficit declined (http://www.marketwatch.com/story/us-trade-deficit-falls-to-11-month-low-2017-10-05) to its lowest level in 11 months.

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