Futures Edge Higher ahead of Jobless Claims Data

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Feb 4 Reuters U.S. stock index futures edged higher on Thursday as investors looked to corporate earnings and economic data that is expected to show a decline in weekly jobless claims.

The Labor Departments report, due at 0830 a.m ET 1330 GMT, is expected to show the number of Americans filing new applications for jobless benefits decreased to 830,000 last week, as authorities started to loosen pandemicrelated restrictions on businesses.

A report on Wednesday showed U.S. private payrolls rebounded more than expected in January, suggesting the labor markets recovery was back on track. The governments closely watched and comprehensive monthly employment report is due on Friday.

The Dow Jones and SP 500 indexes closed slightly higher on Wednesday, with Alphabet Incs shares hitting a record high following strong quarterly results.

All the three major indexes have bounced back sharply this week as investors monitored talks over the next round of fiscal stimulus and as a recent buying frenzy driven by social media appeared to stall following a bout of market volatility last week.

Democrats pushed ahead on Wednesday with a maneuver to pass President Joe Bidens 1.9 trillion COVID19 relief package without Republican support, as the White House said it was flexible on a key element of the plan.

Videogame retailer GameStop Corp rose 3.9, while cinema operator AMC Entertainment Holdings Inc added 2.6 in premarket trading ahead of U.S. Treasury Secretary Janet Yellens meeting…

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