© Reuters
At Scott Kanowsky
Investing.com – US stock markets are expected to open lower Thursday as we await a barrage of data that could give further clues about the health of the world’s largest economy.
At the time of writing, the are down 21 points, or 0.06%, the are down 6 points, or 0.16% and the are down 28 points, or 0.22%.
All three indices finished in the green yesterday, erasing losses made during the session, as investors assimilated higher-than-expected January readings suggesting they could continue to hike rates.
The blue-chip index closed up 38 points, or 0.11%, the index was up 11 points, or 0.28% and the index jumped 110 points, or 0.92 %.
More economic data will be released later in the day: January, and data on.
Among the company news, Bloomin Brands Inc (NASDAQ:) and Hyatt Hotels Corporation (NYSE:) will release their earnings, as will DraftKings Inc (NASDAQ:) after the bell.
Meanwhile, the maximum reaches a six-month high, reaching close to 25,000 dollars.
Oil prices rose amid optimism about a recovery in Chinese demand which has eclipsed the surge in US inventories.
According to yesterday’s data from , US crude stockpiles have indeed risen by more than 16 million barrels. Although it was the highest since June 2021, the EIA added that the increase was due to a data revision.
In addition, data on Thursday revealed that January air passenger traffic in China rose 34.8% from a year earlier, suggesting that demand could rebound relatively quickly after the cancellation of the zero-COVID policy.
At the time of writing, oil futures were up 0.31% to $78.83 a barrel, while the oil contract was up 0.23% to $85.58.
Meanwhile, the pair was up 0.11% to $1,847.40 an ounce, while the pair settled at 1.0702, up 0.12%.
