Here’s what we’re watching ahead of Thursday’s opening bell.
—S&P 500 futures gained 0.2%, potentially extending Wednesday’s advance, which lifted the index to its second-highest level in history. Futures linked to the Dow Jones Industrial Average added 0.3%. Read our full market wrap here.
What’s Coming Up
—President-elect Joe Biden is due to give a speech later outlining the scale of his proposed spending package to support households and businesses through the pandemic.
—Weekly new jobless claims out this morning are expected to still be high with accelerating Covid-19 cases leading to more restrictions. Forecasts for 800,000 new claims would be slightly above last week’s 787,000.
—Earnings reports are due before the market open from Delta Air Lines and First Republic Bank . Progress Software will give an update after the close.