U.S. Weekly Jobless Claims; U.S. ISM Report on Business Manufacturing PMI for June.
Stock futures rose Thursday, signaling gains for major indexes at the start of the second half of the year, ahead of data on jobless claims and manufacturing activity.
Futures for the S&P 500 rose, a day after the broad stocks gauge closed at its 34th all-time high of the year and advanced for a fifth consecutive quarter.
Stocks have been lifted to record highs by data showing the U.S. economy is growing at a rapid clip, and the prospect of a bumper set of second-quarter earnings at the largest companies. Meantime, investors have grown less concerned that the Federal Reserve will raise interest rates to ward off higher inflation.
“The growth backdrop is there, stimulus is still there, earnings are phenomenal,” said Caroline Simmons, U.K. chief investment officer at UBS Global Wealth…