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Stocks Wednesday recovered some of Tuesday’s losses, ending a five day losing streak, as European markets stabilized and investors shifted their focus back to domestic topics. Alcoa’s earnings, reported Tuesday, were a positive and drove that stock 6.2 percent higher Wednesday.
The Dow was up 89 at 12,805, and the S&P 500was up 10 at 1368, just shy of the key 1370 level.
What to Watch
Besides jobless claims, there is PPI data on inflation for March and international trade, all at 8:30 a.m. ET. The Treasury auctions $13 billion in reopened 30-year bonds at 1 p.m. There are just a few earnings Thursday. Rite Aid , Fastenal and LDK Solar report earnings ahead of the opening bell, and Google reports earnings after the close.
Credit Suisse economist Jonathan Basile said he expects to see weekly jobless claims rise slightly to 365,000 but he does not think the current jobs data signals an end to the job growth trend.
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