Investors may tread carefully Thursday in the absence of major economic or corporate news, but U.S. stock futures were pointing higher ahead of the open as markets look to scale new peaks.
The Department of Labor released a better-than-expected weekly report on initial jobless claims, which could add fuel to a potential rally. Claims fell to 332,000 last week. Economists polled by Briefing.com had expected 350,000 new filings.
"Europe will see the start of a two-day European leader summit in Brussels today and a draft statement indicated that leaders will endorse plans for 'structural' assessments of national budgets focusing on 'growth-friendly fiscal consolidation,'" wrote Deutsche Bank analyst Jim Reid, in a note to investors. "Be interesting to actually see what the latter actually means!"