Stock Market Futures Edged Up Ahead Of Consumer Spending & Jobless Data
Stock market futures are edging higher on Thursday morning. Accordingly, this could be thanks to investors buying into the weakness in shares stemming from an Omicron-related sell-off. Additionally, the slew of positive economic data points released yesterday helped ease investor concerns as well. Among said figures were upbeat consumer confidence metrics and an upwardly revised estimate for domestic GDP.
Despite the holiday-shortened week for stocks, investors have yet another day full of economic data to consider. Namely, we have personal income, consumer spending, initial jobless claims, and other inflation readings on tap today.
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