Wall Street futures were little changed on Thursday as investors stayed cautious ahead of two critical reports — U.S. weekly jobless claims and the Fed’s preferred inflation gauge, the Core PCE index.
- Market snapshot: S&P 500, Dow, and Nasdaq futures all traded narrowly higher in pre-market action.
- Key focus:
- Jobless claims are expected around 230K–235K. A higher figure may signal a cooling labor market.
- Core PCE inflation is projected at 2.8–3.1% YoY. Any upside surprise could reinforce a hawkish Fed stance.
- Sector moves: Tech stocks remain under pressure, with AI and semiconductor names leading declines, while Intel outperformed on speculation of potential new investment ties with Apple.
Investors are largely “on hold,” awaiting these data releases that could shape the Fed’s policy path and market direction heading into year-end.
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