FX.co ★ S&P and Nasdaq Futures Edge Up

Futures linked to the S&P 500 and Nasdaq 100 saw slight increases of 0.1% and 0.2%, respectively, on Thursday, while Dow Jones futures remained largely unchanged as investors evaluated new economic data. The US reported a 0.6% rise in retail sales for the past month, significantly surpassing the anticipated 0.1% increase, which underscores the strength of consumer spending. Initial jobless claims also declined to 221,000, pointing to sustained robustness in the labor market. Import prices rose marginally by just 0.1%, falling short of the projected 0.3%. Investor concerns were further allayed when President Trump refuted claims that he intended to remove Federal Reserve Chair Jerome Powell, stabilizing the market after previous worries. In terms of corporate earnings, PepsiCo experienced a 3.7% jump in premarket trading, owing to its quarterly earnings and revenue surpassing expectations. United Airlines gained 0.5% despite issuing a modest full-year earnings outlook. Additionally, Netflix is anticipated to release its earnings report following the market's close.