<\/p>\n
U.S. stock futures gained in pre-market trading Thursday ahead of fresh data out of Washington on the number of Americans filing for unemployment benefits.<\/p>\n
Contracts on the S&P 500 rose 0.5% while futures tied to the Dow Jones Industrial Average jumped 150 points, or 0.4%, and Nasdaq futures advanced 0.5%.<\/p>\n
Oil prices, meanwhile, retreated slightly from a vicious upward ascent but held above $122, and the U.S. 10-year Treasury yield remained at the psychologically important 3% level.<\/p>\n
A report indicating the highly-anticipated initial public offering of Jack Ma\u2019s Ant Group is on the horizon appeared to buoy sentiment in the morning trade.\u00a0According to Bloomberg News<\/a>, China is expected to allow the Alibaba (BABA<\/a>) affiliate to proceed with the listing in a sign that regulators may be dialing on a tech crackdown that halted the IPO two years ago.<\/p>\n Elsewhere in futures markets, shares of Tesla (TSLA<\/a>) were up more than 3% before the open following an upgrade from UBS to Buy in a report that also said the electric vehicle giant is \u201cbest positioned to become one of the top-3 global car makers by 2030.\u201d<\/p>\n Moves in early trading Thursday come after a down day on Wall Street that saw stocks resume losses after back-to-back sessions of gains. On Wednesday, the S&P 500 shed 1% while the Dow and Nasdaq fell roughly 0.8% and 0.7%, respectively.<\/p>\n Investors continue to look for clues on how the economy is faring amid tighter financial conditions and how aggressive the Federal Reserve rate hiking cycle may get before a potential pause.<\/p>\n","protected":false},"excerpt":{"rendered":" Stock market news live updates: Stock futures gain ahead of jobless claims U.S. stock futures gained in pre-market trading Thursday ahead of fresh data out of Washington on the number of Americans filing for unemployment benefits. Contracts on the S&P 500 rose 0.5% while futures tied to the Dow Jones Industrial Average jumped 150…
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