U.S. stocks closed higher on Wednesday with the Nasdaq Composite climbing more than 200 points amid a rise in Amazon.com, Inc. AMZN and Microsoft Corporation MSFT shares.
Let’s have a look at the major economic events scheduled for today.
- Gross Domestic Product report for the second quarter is scheduled for release at 8:30 a.m. ET. The third estimate of Q2 GDP, at a minus 0.6% consensus, is likely to show no change versus the second estimate.
- Data on initial jobless claims for the latest quarter will be released at 8:30 a.m. ET. Jobless claims are projected to come in at 218,000 for the September 24 week compared to 213,000 in the previous week.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
- The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
- Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 1:00 p.m. ET.
- Federal Reserve Bank of San Francisco President Mary Daly will speak at 4:45 p.m. ET.
Check out our premarket coverage here
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