The Treasury Secretary joins ‘Lou Lou Dobbs Tonight’ to discuss the status of negotiations for a coronavirus relief bill.
US equity futures are expected to open on Wall Street before the first trading session in October.
The main futures index indicates an increase of 0.8%.
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On Wednesday, the prospect of additional congressional support for the economy boosted day trading on Wall Street.
Economic data to be released on Thursday could determine the direction of the market.
Weekly unemployment claims estimate that, under 20,000 from the previous week, 850,000 people would have applied for unemployment benefits for the first time.
Reports on personal income and expenditure for the month of August as well as the September ISM manufacturing report are also on the docket.
U.S. private employees added 9749,000 jobs in September, top expectations
A report by payroll processor ADP on Wednesday said the number of jobs hired by private employers has picked up this month, with economists expecting 50-60,000 jobs against 9,000,000.
He hopes for a more comprehensive employment report from the federal government, which comes in on Friday. Economists expect rents to rise from 1.4 million in August to a low of 850,000.
This month’s jobs report will be even more important than usual, as it was last published just before election day in November.
Tokyo Trading Measures from System Failure
Trading on the Tokyo Stock Exchange was suspended on Thursday because of a problem with the system for relaying market information. Most Asian markets were closed for national holidays.
The Tokyo Stock Exchange said all trading was closed due to the problem, and the rest of the day would not resume. It was unclear when it would be clear and the system would reboot.
In Europe, London’s FTSE rose 0.9%, Germany’s DX rose 0.2% and France’s CAC rose 0.6%.
The S&P 500 rose 0.8% to 3,363.00. The Dow Jones Industrial Average rose 1.2% to 27,781.70, and the Nasdaq Composite rose 0.7% to 11,167.51.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| Me: DJI | Dow Jones average | 27781.7 | +329.04 | + 1.20% |
| SP500 | S&P 500 | 3363 | +27.53 | + 0.83% |
| I: Comp | Nasdaq Composite Index | 11167.506924 | +82.26 | + 0.74% |
It was the last day of a strong quarter for the market, where the S&P 500 rallied 8.5% to boost its 20% rise in the spring.
Continued support from the Federal Reserve has helped boost these gains, as the central bank has moved forward towards whatever it takes to support markets and the economy. After already lowering interest rates to almost zero, the Fed said during the quarter that it could keep interest rates low even if inflation goes above the target level.
Other recent concerns include rising tensions between the United States and China, as well as the upcoming U.S. Includes uncertainties surrounding elections.
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In energy trading, the benchmark U.S. Crude traded down 26 cents at 9 39.96 a barrel in electronic trading on the New York Mercantile Exchange. Internationally, Brent crude fell 23 cents to 42 42.07 a barrel.
The Associated Press contributes to this article.
