Friday’s Jobs Report May Keep Mood Subdued

The major U.S. index futures are pointing to a slightly higher opening on Thursday, with sentiment reflecting tentativeness among traders despite the release of a report showing a modest decline in first time claims for unemployment benefits. In the face of economic evidence showing further softening of the job market, traders may exercise caution ahead of Friday’s national employment report. The pending home sales data may also have an impact on the market direction in today’s session.