U.S. equity futures were trading higher Thursday morning, snapping a streak that has seen the Dow fall for four days and the Nasdaq entering correction territory.
with Travelers, Fifth Third Bancorp, and KeyCorp among the names reporting in the morning. Also transportation giants American Airlines and railroad Union Pacific will report., the Labor Department is out with its tally of new claims for unemployment benefits for last week. Expectations are for 220,000, down from an unexpected rise to 230,000 the prior week. Continuing claims, which track the total number of unemployed workers collecting benefits, are anticipated to fall 21,000 to 1.
The Nikkei 225 in Tokyo gained 1.1%, the Hang Seng in Hong Kong advanced 3.4% and China's Shanghai Composite Index was off 0.1%. In energy markets, benchmark U.S. crude lost 28 cents to $86.68 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, shed 34 cents to $88.10 per barrel in London.
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