5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

1. Stock futures rebound after the Dow's worst session in weeks rose Thursday as NATO leaders were trying to find ways to pressure Russia further for invading Ukraine. The on Wednesday dropped nearly 450 points, or 1.3%, its . The Dow, the and the all fell Wednesday for the second session in the past three, following the best weekly gains last week since November 2020. A roughly 5% jump in U.S. oil prices and the 10-year Treasury yield hitting nearly three-year highs of almost 2.42% pressured stocks Wednesday. The 10-year yield on Thursday was , while American crude . 2. Data on jobless claims, durable goods orders out before the bell The government released two key before the opening bell Thursday: jobless claims and durable goods. Filings for first-time unemployment benefits for the week ended March 19 dropped 28,000 to 187,000, fewer than expected and the lowest level since early September 1969. February durable goods orders fell 2.2%, more than double the estimated decline. The generally strong job market and soaring inflation are being watched carefully by the , which at last week's meeting increased interest rates for the first time in more than three years. Fed Chairman on Monday