The key events taking place on Thursday that could impact trading include shares of GameStop after the company announced a stocks split and the latest jobless figures.
Data on jobs and international trade are on deck Thursday morning. The Labor Department is out with its count of new claims for unemployment benefits for last week. Expectations are for 230,000, little changed from 231,000 the previous week and holding slightly above pre-pandemic levels.
Continuing claims, which track the total number of workers collecting unemployment benefits, are expected to inch lower for the second week in a row to 1.327 million. The Commerce Department is out with the U.S. trade balance for May. The monthly deficit in goods and services is expected to narrow for a second month to $84.9 billion. That compares with a record $107.65 billion deficit in March on huge demand for imported goods, as well as rising prices tied to inflation.
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