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| U.S. futures point to steady open as crude bounces back |
Wall Street futures pointed to a steady open on Thursday, as a rebound in oil prices was expected to support energy stocks once again and as investors eyed fresh corporate earnings reports.
The blue-chip Dow futures were up 0.05%, the S&P 500 futures inched 0.02% higher, while the tech-heavy Nasdaq 100 futures dipped 0.02%.
Energy stocks were set to be in the spotlight once again as oil prices rose to their highest level since November, after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in a generation.
Coca-Cola regained 0.47% in pre-market trade after plunging over 4% on Wednesday, when the beverage company reported earnings slightly above analysts’ expectations.
Intel extended the previous session’s gains by climbing 0.44% pre-market after the tech firm’s earnings beat analysts’ projections on Wednesday. The company also announced plans to cut up to 12,000 jobs.
Companies scheduled to release earnings on Thursday included Alphabet, Microsoft , General Motors, Visa, Starbucks and Verizon.
Later Thursday, the U.S. was to publish the weekly report on jobless claims, as well as data on manufacturing activity in the Philadelphia area.
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