Red Rock Resorts earnings beat by $0.54, revenue topped estimates
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* Futures rise: Dow 0.23%, S&P 0.33%, Nasdaq 0.64%
By Medha Singh
April 16 (Reuters) - U.S. stock index futures edged higher
on Thursday, with investors weighing the prospects of the
economy re-opening against worsening macroeconomic data and dour
first-quarter earnings reports.
The S&P 500 .SPX recoiled from a four-week high on
Wednesday as the big U.S. banks braced for a wave of potential
loan defaults as the coronavirus crushed business activity.
On Thursday, BlackRock Inc BLK.N , the world's largest
asset manager, reported a drop in quarterly profit as investors
pulled money out of its marquee funds and preferred cash
management services.
Medical equipment maker Abbott Laboratories Inc ABT.N and
Morgan Stanley MS.N are scheduled to report quarterly results
later in the day.
Focus will also be on weekly jobless claims, which are
likely to have surged past 5 million last week, taking total
unemployment claims to an astounding 20 million in the past
month.
Meanwhile, President Donald Trump is expected to announce
"new guidelines" for re-opening the economy as he said data
suggested the United States had passed the peak on new
coronavirus infections. At 6:05 a.m. ET, Dow e-minis 1YMcv1 were up 53 points, or
0.23%. S&P 500 e-minis EScv1 were up 9.25 points, or 0.33% and
Nasdaq 100 e-minis NQcv1 were up 55 points, or 0.64%.
SPDR S&P 500 ETFs .SPY rose 0.4%.