Wall Street Set For A Better Start

On a busy earnings day, Jobless claims and durable goods orders are the major focus. The domestic markets may also focus on some key earnings to be released on Thursday by major corporates such as MasterCard, UPS, Bristol- Myers, Verizon, Procter & Gamble, Twitter, etc. Asian shares closed broadly higher, while European shares are trading higher. Earlier suggestions from U.S. Futures Index point to a higher opening for Wall Street.

As of 6.30 am ET, the Dow futures were adding 22 points, the S&P 500 futures were up 4.00 points and the Nasdaq 100 futures were progressing 30.50 points.

U.S. stocks closed higher on Wednesday. All three equity benchmarks finished at all-time highs, with the S&P 500 index flat at 2,477, and the Nasdaq Composite Index up 0.2% at 6,422. The Dow ended up 97 points, or 0.5%, at 21,711.

On the economic front, Durable Goods Orders for June will be released at 8.30 am ET. The economists are looking for growth consensus of 3.5 percent, compared to a decline of 1.1 percent a year ago.

Census Bureau’s International Trade in Goods for June will be published at 8.30 am ET. The consensus is for a decline of $65 billion, almost in line with $65.9 billion last month.

The Labor Department’s Jobless claims for the week will be revealed at 8.30 am ET. The economists are looking for 240K, up from 233K a week ago.

Chicago Fed National Activity Index for June will be issued at 8.30 am ET. The consensus is for growth of 0.10, compared to a decline of 0.26 last month.

The Energy Information Administration or EIA ‘s weekly information on natural gas stocks in underground storage for the U.S. and three regions of the country, will be published at 10.30 am ET. In the previous week the change was 28 bcf.

The Fed’s Balance Sheet for the week will be published at 4.30 pm ET. In the prior week, the level was at $4.477 trillion.

The Fed’s Money Supply for the week will be issued at 4.30 pm ET. The M2 weekly change was $87.5 billion.

Seven-year Treasury Note…

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