Equity markets bounced on Wednesday, halting consecutive days of losses driven by tech mega stocks Apple, Amazon, Microsoft, Alphabet, Facebook and Tesla. This sent yields higher as the day progressed, but investors have returned to a state of apparent caution ahead of Thursday's open, unsure as to whether theInvestor focus Thursday will be on key jobless claims data, expected at 8:30 a.m. ET. Initial jobless claims for the week ended Sept.
August's Producer Price Index inflation data is also due at 8:30 a.m., before July's wholesale inventories at 10 a.m. The Senate will vote Thursday on a slimmed-down Republican coronavirus relief package, with discussions between the White House and top Democrats over a broader bill having hit a stalemate. Congressional Democrats have also voiced opposition to the new scaled-back proposal, expected to be worth around $500 billion, which would need seven votes from Democratic senators to pass.
The U.S. Treasury will auction $23 billion of 30-year bonds on Thursday, along with $30 billion of 4-week bills and $35 billion of 8-week bills.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »