by Tyler Durden
Thursday, Apr 22, 2021 - 08:14 AM
U.S. index futures traded flat on Thursday morning, rebounding from some early weakness ahead of today s ECB meeting, as investors assessed earnings from companies, including Southwest Airlines and AT&T, while awaiting weekly jobless claims data for clues on the pace of recovery in the U.S. labor market. Treasury yields steadied near a five-week low.
At 7:30 a.m. ET, Dow e-minis were down 15 points, or 0.04%, S&P 500 e-minis were down 5 points, or 0.11%, and Nasdaq 100 e-minis were down 22 points, or 0.16%.
On Wednesday, Wall Street s main indexes closed higher, recovering from a two-day decline in the previous session with value stocks gaining about 1.1%. Shares of AT&T gained 1% in premarket trading after the company s wireless subscriber additions trounced analysts estimates. read more. Southwest Airlines posted a smaller-than-expected quarterly adjusted loss and forecast lower cash burn in the second quarter. The airline s sh