Stock futures choppy ahead of GDP, jobless claims
U.S. equity futures were choppy following Wednesday’s Fed-fueled rally, as the latest meeting confirmed expectations of more interest rate hikes, but held no surprises to rattle investors. The major futures indexes suggest a mixed open when the Thursday trading session on Wall Street gets underway.
Gasoline remains at $4.60 per gallon
The average price for a gallon of gasoline in the U.S. was essentially unchanged at a record $4.60, according to the latest numbers from AAA. The price on Wednesday was $4.599. The price of diesel slipped again to $5.538 from $5.544.
Oil firms on tight supply
Oil prices gained Thursday morning extending a rally supported by tight supply. U.S. West Texas Intermediate crude futures climbed to $110.88 a barrel.
Brent futures rose to $114 a barrel. A bigger-than-expected drawdown in U.S. crude inventories last week supported the market on Wednesday.
Bitcoin remains around $29,000
Bitcoin was trading around $29,000 on Thursday morning. The cryptocurrency has gained in four of the past five days. In the last two days, bitcoin has gained 1.6%. For the month, bitcoin is off more than 22% and down more than 35% year-to-date. Ether is trading above $1,900.
Read More: Stock futures choppy, oil rises, gas at $4.60: LIVE UPDATES