Stock futures rise adding to recent rally

Louis Navellier, the founder and CEO of Navellier & Associates, weighs in on the market rebound, arguing that Monday’s correction was ‘all value.’ 

U.S. equity futures are indicating a higher open when the Thursday trading session begins.

The major futures indexes suggest a gain of 0.2% as this week’s rebound in equities may continue.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

On the economic calendar, traders will examine the latest jobless claims figures. The estimate is for 350,000, which would be less than the prior week’s 360,000.

Existing home sales figures for June will be released. The estimate is for 5.9 million, which would be an increase of the prior month.

Before the bell earnings will include American Airlines and Southwest Airlines as well as AT&T.

US AIRLINES SAY COVID-19 VARIANTS AREN’T HURTING BOOKINGS

In the afternoon, results are due from Intel and Twitter.

In Europe, London’s FTSE added 0.3%, Germany’s DAX was up 0.8% and France’s…

Read more…