New York, NY – As the week draws to a close, investors are looking forward to a series of important economic reports set to release on Thursday. These reports will provide valuable insights into the state of the economy as jobless claims, durable goods orders, and pending home sales numbers are made public.

Economists are predicting a slight increase in jobless claims for the week ending June 22, with expectations set at around 240,000, up from the previous week’s figure of 238,000. This data will shed light on the labor market’s recovery and provide clues about the overall economic health.

On the manufacturing front, durable goods orders are anticipated to have fallen by 0.6% in May, following a 0.6% increase in the previous month. This indicator, which measures orders for long-lasting goods like machinery and equipment, will offer insights into the strength of the manufacturing sector and overall business investment.

In the housing market, pending home sales are expected to have risen by 1% in May, rebounding from a decline of 7.7% in April. This data will provide valuable information about the strength of the housing market and consumer confidence in making big-ticket purchases.

Meanwhile, wheat futures hit a two-month low, signaling a challenging month for the commodity. The decline in wheat futures is reflective of broader market trends and investor sentiment towards commodities in the current economic climate.

After-hours trading saw some significant movements in stock prices, with companies like Micron, Levi Strauss, and AeroVironment experiencing notable shifts. These movements offer insights into how investors are reacting to company news and quarterly earnings reports.

In the futures market, S&P 500 futures opened slightly lower, indicating a cautious start for the stock market on the following day. These futures data provide early indications of market sentiment and investor expectations for the trading day ahead.

As investors eagerly await the release of key economic reports, the market is poised for potential volatility and significant movements in response to the data. These reports will play a crucial role in shaping market sentiment and influencing investment decisions in the days to come.