What to watch today: Stock futures lower after Wall Street’s strong start to the week

What to watch today: Stock futures lower after Wall Street’s strong start to the week

BY THE NUMBERS Thursday morning, one day after a whipsaw session on Wall Street as traders digested the Federal Reserve's moves. Dow futures implied an opening decline Thursday of around 115 points. Futures tied to the S&P 500 and Nasdaq also were in the red. (CNBC) * (CNBC) After Wednesday's strong rally, the major U.S. stock indexes are on pace for their best weekly performance of the year. The Dow is riding a three-day win streak for the first time since early February. The S&P 500 and Nasdaq Composite have posted back-to-back positive days for the first time this month. Oil prices jumped Thursday, bucking a recent downward trend, in light of  related to the Russia-Ukraine war.  rose around 4.5% to trade above $99 per barrel, while international benchmark Brent crude advanced roughly 4.85% to nearly $103 per barrel. (Reuters) Initial jobless claims , lower than the Dow Jones estimate of 220,000, the Labor Department reported Thursday. It's an indication the U.S. labor market is growing even tighter than it has been. (CNBC) February housing starts also were better than expected, rising 6.8% to a seasonally adjusted annual rate of 1.77 million units, according to the Census Bureau.