Following the strong upward move seen over the two previous sessions, stocks have fluctuated over the course of morning trading on Thursday. The major averages have been bouncing back and forth across the unchanged line but still managed to reach new record intraday highs.
Stocks may move to the upside in early trading on Thursday, extending the upward move seen over the two previous sessions. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 25 points.
Trading on Thursday might be impacted by reaction to reports on weekly jobless claims, housing starts, and Philadelphia-area manufacturing activity, etc. The market is still reflecting the positive trend after the swearing-in of President Joe Bidden Jr.
Asian shares finished broadly higher, while...