Turning to upcoming economic releases, market participants will evaluate the report on weekly unemployment claims scheduled for Thursday.
This will be followed by the publication of January's producer price index data on Friday.
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
-0.10%
S&P 500
0.01%
Nasdaq 100
0.01%
Russell 2000
0.23%
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 0.030% at $693.36, while the QQQ advanced 0.055% to $616.76.
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
Salesforce Inc. (NYSE:CRM) dropped 3.94% despite upbeat earnings as its future estimates fell short of Wall Street’s estimates.
Benzinga’s Edge Stock Rankings indicate that CRM maintains a weak price trend over the short, medium, and long terms, with a moderate growth score.
