The brakes are back on at the moment. Investors are checking out the new territory. Several key economic indicators are on tap and will provide data on the economy's activity prior to the market's open at 9 a.m. and later in the morning.
Investors will be parsing the data for signs on the economy's present health and probably respond accordingly.
Hey it can go any way, there could be a setback, there be a small sell off, and there could be some gains.
CNN: Stocks seen pulling back
A wave of economic reports are due out Thursday. A reading on weekly jobless claims comes out at 8:30 a.m. ET, as does a report on inflation at the wholesale level.Reuters: Futures point to lower open on Wall Street
The latest index of leading economic indicators will be released at 10 a.m. ET. The Philly Fed, a regional manufacturing survey, also comes out then.
Stronger-than-expected corporate results and upbeat economic data drove U.S. stocks higher on Wednesday as they fed expectations the recovery will bolster corporate profits.
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