Retail will once again be the before the bell focus with earnings due from Walmart and JC Penney.
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Oil remain near November 2014 highs. Brent crude flirts with $80 per barrel, U.S. crude remains above $70.
Dow Jones futures were lower by 0.13%. The S&P 500 is down 0.18% and the Nasdaq Composite was off 0.34%.
U.S. stocks climbed on Wednesday as traders shrugged off rising Treasury yields and Macy’s earnings lifted retailers.
Macy’s reported stronger first-quarter earnings and revenue than expected, and the retailer raised its full-year outlook. Shares rallied 10.8%, while the broader consumer sectors helped lead the market higher.
The Dow Jones Industrial Average gained 62.52 points, or 0.25%, to 24,768.93. The S&P 500 rose 11.01 points, or 0.4%, to 2,722.46. The Nasdaq Composite jumped 46.67 points, or 0.63%, to 7,398.30.
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| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 24768.93 | +62.52 | +0.25% |
| SP500 | S&P 500 | 2722.46 | +11.01 | +0.41% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7398.2954 | +46.67 | +0.63% |
After the close of trading, shares of Cisco Systems fell more than 4 percent as revenue missed expectations.
On Thursday’s economic calendar, investors will get the weekly report on jobless claims and a look at economic conditions in the mid-atlantic region with the Philly Fed Report.
Wednesday morning, the latest reading on the housing sector was released, which showed home-builder permits fell 1.8% in April to a 1.35 million rate while housing starts dropped 3.7% in April to a 1.29 million rate.
In Asia, Japan’s Nikkei ended the day 0.5% higher.
Chinese stocks fell with the Shanghai Composite losing 0.5%.
In European trading, London’s FTSE is higher by 0.13%, Germany’s DAX is little changed and France’s CAC is rising by 0.23%.
FOX Business’ Leia Klingel and Matthew Rocco contributed to this article.
