(Editor’s note: The future prices of benchmark tracking ETFs, the lede, the economic data, and the headline were updated in the story.)
U.S. stock futures were swinging between gains and losses on Thursday after advancing on Wednesday. Futures of the major benchmark indices were mixed.
Weekly jobless claims rose by 4,000 to a seasonally adjusted 212,000 for the week ending Feb. 21, slightly exceeding the previous week’s upwardly revised level.
Despite this modest uptick, the four-week moving average—a less volatile measure of labor market health—climbed only slightly to 220,250, suggesting that the U.S. labor market remains relatively resilient even as investors weigh cooling economic signals.
Meanwhile, the 10-year Treasury bond yielded 4.05%, and the two-year bond was at 3.47%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
| Index | Performance (+/-) |
| Dow Jones | 0.23% |
| S&P 500 | 0.05% |
| Nasdaq 100 | -0.05% |
| Russell 2000 | 0.26% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Thursday. The SPY was up 0.081% at $693.71, while the QQQ advanced 0.036% to $616.64.
Stocks In Focus
Nvidia
- NVIDIA Corp. (NASDAQ:NVDA) was up 1.28% after reporting better-than-expected fourth-quarter financial results and issuing first-quarter sales guidance above estimates.
- Benzinga’s Edge Stock Rankings indicate that NVDA maintains a strong price trend over the short, medium, and long terms, with a weak value score.
Salesforce
