After closing mixed in each of the two previous sessions, stocks have moved modestly lower in morning trading on Thursday. Selling pressure has remained relatively subdued, however, limiting the downside for the markets.
After showing a lack of direction over the course of the two previous sessions, stocks may continue to experience choppy trading on Thursday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 21 points.
Early indications suggest that Wall Street stocks may open Thursday's session on a nervous note, as more earnings loom. Most earnings reported after the close on Wednesday were encouraging, with Facebook leading the list of companies releasing stellar results. The jobless claims report is the lone piece of market moving Main Street event for the day.