And you thought the GameStop frenzy was over. Not so fast. Here’s what we’re watching ahead of the bell on Thursday.
—U.S. stock futures edged down ahead of fresh data on economic growth, jobless claims and the manufacturing sector. But stocks popular with Reddit users including Koss and AMC were soaring premarket, after GameStop shares more than doubled near the end of Wednesday’s session.
Futures tied to the Dow Jones Industrial Average were flat. Contracts linked to the S&P 500 edged down 0.4%. Nasdaq-100 futures slipped 1%, suggesting declines in tech stocks after the opening bell. Read our full market wrap.
What’s Coming Up
—A busy day for earnings reports will include updates after the close from Salesforce , Etsy , Airbnb , DoorDash and Beyond Meat .
—U.S. jobless claims, due at 8:30 a.m. ET, are expected to fall to 845,000 in the week ended Feb. 20 from 861,000 a week earlier. U.S. gross domestic product, also at 8:30 a.m., is expected to increase at a 4.2% annual pace in the fourth quarter, a slight upward revision from the previously reported 4% gain.