Here are the most important news, trends and analysis that investors need to start their trading day:
1. Wall Street looks flat after S&P 500, Nasdaq record closes
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021.
Andrew Kelly | Reuters
U.S. stock futures were flat Thursday ahead of two key before-the-bell economic reports. The S&P 500 on Wednesday crossed 4,500 for the first time ever, but ended slightly below that level for another record high close. The Nasdaq finished at another record. Both benchmarks were on five-session winning streaks heading into the open. The Dow Jones Industrial Average saw its fourth straight positive session and inched closer to last week’s record high close — roughly 0.6% away. Dow stock Salesforce rose 2% in Thursday’s premarket, the morning after reporting better-than-expected quarterly earnings and revenue, as well as robust forward guidance.
2. Jobless claims, GDP data out ahead of Fed summit
Luke Sharrett/Bloomberg via Getty Images
The 10-year Treasury yield was steady Thursday, one day after rising to…
