On Thursday, U.S. stock futures indicating that the market will slightly lower in advance of economic data includes Labor Department’s weekly jobless claims data and the personal income and spending data.
The Dow Jones Industrial Average futures were slighter lower 0.06%, the futures on the Standard & Poor’s 500 Index were inched down 0.01% and those on the Nasdaq 100 Index were plunged 0.15%.
Investors are more focus on the weekly U.S. jobless claims data, which will released on Thursday. The number of individuals who filed for unemployment insurance for the first time previous week refers initial jobless claims, is anticipated to increase to 350,000 in the week ending Jan. 26, rose from 330,000 declared in the last week.
On the other side, market contributors will continue to focus on quarter earnings results, with Dow Chemical Co (NYSE:DOW), United Parcel Service Inc. (NYSE:UPS), Mastercard Inc. (NYSE:MA), Viacom Inc. (Nasdaq:VIAB), and Colgate-Palmolive Co (NYSE:CL) are expected to posts their quarterly results on Thursday.
While Honda Motor Co Ltd (ADR) (NYSE:HMC) announced on Thursday a sharp increase in earnings for the quarter ended in December, however cut its estimates for the full year through March, as lower sales in China offset a rebound in the U.S.
PulteGroup, Inc. (NYSE:PHM) expected to posts its latest earnings Today, as analysts predict an increase of 19 percent in revenue from the year-earlier quarter to $1.5B. The average analyst of Wall Street anticipates is for profit of 31 cents a share, an increase of over double from the firm’s actual earnings year-ago period.
Occidental Petroleum (NYSE:OXY) aims to posts its latest froth quarter results on Thursday as the average anticipates of analysts is for net income of $1.66 a share, a drop of 17.8 percent from the firm’s actual earnings for the similar quarter a year before. The average anticipates during the past three months has dropped from $1.74.