The Weekly Jobless Claims are likely to be a significant point of interest on Thursday, with the monthly Jobs Report set to follow on Friday.
Early indicators from the U.S. Futures Index suggest that Wall Street might experience a downturn at the opening bell.
Asian markets closed mostly on a positive note, while European stocks are predominantly trading higher.
As of 7:35 AM ET, Dow futures had decreased by 6 points, S&P 500 futures had declined by 2 points, and Nasdaq 100 futures were down by 9 points.
On Wednesday, the main U.S. stock indices closed with gains. The Nasdaq, known for its concentration in technology stocks, surged by 254.21 points or 1.3%, reaching 19,735.16. The Dow Jones Industrial Average increased by 308.51 points or 0.7%, closing at 45,014.04, and the S&P 500 advanced by 36.61 points or 0.6%, ending at 6,086.49.
In economic updates, the report on International Trade in Goods and Services for October is expected at 8:30 AM ET, with a projected deficit of $75.4 billion, compared to the previous month's $84.4 billion deficit.
The Labor Department will release the Weekly Jobless Claims at 8:30 AM ET, with expectations set at 215,000, slightly up from the previous week's 213,000 claims.
The Energy Information Administration will publish its Natural Gas Report for the week at 10:30 AM ET, following a decline of 2 billion cubic feet in gas stocks the previous week.
Treasury auctions for three-year and ten-year notes, along with a 30-year bond auction, are scheduled for 11:00 AM ET.
The Federal Reserve's Balance Sheet figures for the week will be released at 4:30 PM ET, after recording a level of $6.906 trillion the previous week.
Richmond Fed President Thomas Barkin is set to speak at the Charlotte Regional Business Alliance 2024 Economic Outlook event at 12:15 PM ET.
Asian markets presented mixed results on Thursday, with Chinese stocks closing strongly. The Shanghai Composite index increased by 0.12% to 3,368.86, while the Hang Seng index in Hong Kong dropped by 0.92% to 19,560.44.
Japan's stocks saw moderate gains, with the Nikkei index rising by 0.30% to 339,395.60 and the broader Topix index recording a slight increase to settle at 2,742.24.
Australian markets also saw an upward trend. The S&P/ASX 200 edged higher by 0.15% to 8,474.90, while the All Ordinaries index rose by 0.18% to 8,744.50.
In Europe, shares are generally on the rise. France's CAC 40 has increased by 11.44 points or 0.16%. Germany's DAX has gained 79.08 points or 0.39%. The FTSE 100 in England is down by 7.65 points or 0.09%. Meanwhile, the Swiss Market Index is decreasing by 11.76 points or 0.10%.
The Euro Stoxx 50, representing the leading blue-chip companies in the Eurozone, is up by 0.49%.
