The Market On Thursday

At 6:40 a.m. futures are significantly up. With the dollar down against the pound, euro, and yen, and with oil up per barrel, the market is poised to open higher. At 8:30 a.m. the weekly jobless claims report is released. Check back at 8:40 a.m. to see if futures are maintaining their buoyancy.

Both CNN and Reuters are reiterating the same message. Investors are proceeding with caution, looking for any positive signs in an economy that is growing but far less than robust. Call it caution in the face of a firming but shaky economy. Stating the obvious, the DOW is oscillating between 10,000 and 10,400. The onslaught of second quarter corporate reports continues.

CNN: Stocks set for a bounce

"The strong sell-off at the end of the day yesterday is bringing the bargain hunters in this morning..."


The dollar was down against the euro, the British pound and the Japanese yen.


U.S. light crude oil for September delivery rose 45 cents to $77.01 a barrel.

Reuters: Stock futures signal rebound

On the macro front, investors awaited the weekly jobless claims, due at 1230 GMT (8:30 a.m. EDT), as well as the Conference Board leading indicators and existing home sales, both due at 1400 GMT (10 a.m. EDT).