5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

1. Wall Street to open higher after back-to-back Dow gains rose Thursday, with the set to join the rally, ahead of an afternoon panel discussion including Federal Reserve Chairman . First-quarter earnings reports drove premarket moves, with soaring 7% after better-than-expected results and and surging 11.5% and 8.5%, respectively, after the airlines forecast profits ahead. The advanced 0.7% on Wednesday for a . The dipped but basically ended flat. The Nasdaq lost 1.2% as cratered 35% on subscriber concerns. The streaming giant fell another 1.5% in Thursday's premarket. 2. Fed chief Powell set to participate in IMF economic event The rose Thursday but Tuesday's more than three-year high of 2.94%. Investors are hoping for more clarity from Powell on the Fed's plans for additional interest rate hikes this year after a number of regional central bank presidents, even a couple of doves, have recently called for an accelerated tightening cycle to fight inflation. Powell is set to join an International Monetary Fund debate on the global economy, starting at 1 p.m. ET. Before the opening bell Thursday, initial jobless claims came in slightly higher than estimates at 184,000 for the week ended April 16. 3. Two major U.S. airlines forecast