Futures Flat Ahead of Economic Data

Stock futures were largely flat Thursday morning as investors wait for new economic data on the labor market that will give further information about a potential U.S. recession.

Futures for the Dow Jones Industrials gained 19 points, or 0.1%, early Thursday to 32,789.

Futures for the S&P 500 added 3.75 points, or 0.1%, to 4,160.

Futures for the NASDAQ Composite gained 18 points, or 0.1%, to 13,289.50.

Investors will get another batch of earnings on Thursday. Virgin Galactic, AMC Entertainment and Beyond Meat are scheduled to report after the bell.

In economic data, investors are looking forward to weekly jobless claims in the morning and the June nonfarm payrolls report due Friday.

Investors got the green light to jump back into beaten up tech names after a surprise rebound in July services PMI and comments from St. Louis Federal Reserve President James Bullard. Bullard said he does not think the U.S. is in a recession, citing job gains and low unemployment.

In Japan, the Nikkei 225 gained 0.7% Thursday. In Hong Kong the Hang Seng zoomed 2.1%

Oil prices moved forward 50 cents to $91.16 U.S. a barrel.

Gold prices took on $27.20 to $1,803.60 U.S. an ounce.

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