Wall Street set to edge up as weekly jobless claims drop

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U.S. stock index futures were trading flat on Thursday after the benchmark S&P 500 ended the previous session points below its record high close, ...

REUTERS: Wall Street was set to open a touch higher on Thursday, with the S&P 500 within striking distance of a record high, after data showed weekly jobless claims fell below 1 million for the first time since March.

A bulk of the gains have been driven by technology stocks and the tech-heavy Nasdaq was the first of the three major indexes to recoup its pandemic-driven losses in June. The U.S. Presidential election is also expected to add another layer of uncertainty into markets, with roughly 12 weeks remaining until Election Day.

 

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