Laura Banks
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Laura Banks in Markets and everything in & between!,

Dow set for a fight to stay above 22,000; Tesla shares tear higher

U.S. stock futures on Thursday pointed to a muted open, setting the Dow industrial up for a fight to stay above 22,000—just one day after it topped that milestone for the first time.

Meanwhile, an early reading of employment didn’t cause much of a market reaction, as it showed weekly jobless claims holding at a 44-year low, underlining the health of the labor market. Initial jobless claims from July 23 to July 29 declined by 5,000 to 240,000, while the average of new claims over the past month fell to 241,750.

Dow Jones Industrial Average futures YMU7, +0.01 traded up 9 points, or less than 0.1%, at 21,966.00, while S&P 500 futures ESU7, -0.03  gained less than a point at 2,474.25. Nasdaq-100 futures NQU7, +0.09  added 12.75 points, or 0.2%, to 5,923.50.

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