the major us index futures were pointing to a markedly weaker start on thursday potentially reversing some of the previous session’s strong gains us stocks rallied out of the gate on wednesday with the upward momentum accelerating over the course of the session as bargain hunting lifted the market from out of its twoyear lows energy communications consumer discretionary and material stocks led the advances on a day which saw acrosstheboard buying interest in premarket trading on thursday the spdr sp 500 etf trustspy fell 085 to 36739 while invesco qqq trust qqq was down 116 to 27669 according to benzinga pro data on the economic front the labor department will release the jobless claims report for the week ended sept 24 at 830 am edt economists on average expect the number of individuals filing for unemployment benefits to tick up from 213000 in the previous week to 215000 the census bureau will release the third estimate of secondquarter gdp data also at 830 am edt the report is likely to confirm the 06 monthovermonth contraction previously reported traders may also keep an eye on the price consumption expenditure data from the report to gauge inflationary pressure st louis fed president james bullard is expected to speak at 930 am edt while loretta mester cleveland fed president and federal open market committee member is scheduled to make a public appearance at 1 pm edt see also is the spy headed for another bull cycle in this bear market heres a look at the market etf   tesla inc shares could see some activity ahead of a few nearterm catalysts including its ai day scheduled for late friday and thirdquarter deliveries data due this weekend the company also announced the appointment of airbnb inc founder joseph gebbia as a member of its board   apple inc continued to head southward after conflicting reports concerning the demand for its iphone 14 bofa securities downgraded the company’s shares from buy to neutral with a 160 price target separately analyst mingchi kuo said the company’s selfdriving car project will likely have a new team in place by the end of 2022   windtree therapeutics inc shares were rising on a positive midstage readout crude oil futures were advancing for a third straight session although the upward momentum has moderated the recent strength which took black gold past 80abarrel was due to supply concerns following hurricane ian impacting production the asian markets had a mixed session on thursday while the japanese australian south korean and new zealand markets advanced china hong kong malaysia singapore indonesia and india ended in the red optimism over wall street’s rebound was tempered by worries concerning the economic outlook in an inflationary environment european stocks were trading notably lower in late morning trading porsche which was spun off from volkswagen ag vwagy went public by listing its shares on the frankfurt stock exchange on thursday