5 things to know before the stock market opens Thursday

market stock fourth straight session
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5 things to know before the stock market opens Thursday

1. U.S. stocks set to drop for a fourth straight session pointed to a fourth straight negative session, as tech names and bitcoin tried to shake off their recent weakness. Dow component dropped 6% in Thursday's premarket, one day after the data center networking firm issued . The closed basically flat after sinking as much as 1.7% earlier Wednesday. The and also from steep drops to close only modestly lower. 2. 10-year Treasury yield dips ahead of jobless claims early Thursday backed away from its previous day pop to 1.678% as minutes from the 's April meeting the pace of extraordinary Covid-era asset purchases if the economy continues to recover rapidly. Investors will be looking to the government's 8:30 a.m. ET report on weekly jobless claims for a read on whether the labor market was still improving. Economists expect initial unemployment benefits filings to total 452,000 for last week compared with 473,000 in the week prior. 3. Bitcoin briefly tops $40,000 after Wednesday's plunge on Thursday seesawed just above and below $40,000 after the saw the world's largest cryptocurrency tank 30% Wednesday to three-month lows near $30,000. That represented an over 50% decline from last month's all-time high of almost

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