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U.S. stock futures were mixed on Thursday, as the Dow Jones and S&P 500 indices rose, while the Nasdaq 100 index fell, following Wednesday's higher close.

For the week ending Aug. 29, U.S. initial jobless claims ticked up slightly by 2,000 to a seasonally adjusted 206,000, reflecting continued tightness and stability in the labor market. Meanwhile, fresh trade balance data for July revealed that the U.S. goods and services deficit widened sharply by $17.4 billion, or 24.4%, to $88.6 billion as imports surged while exports declined.

President Donald Trump predicted Wednesday that the stock market will continue moving higher despite the ongoing war in Iran and oil price volatility, dismissing concerns while noting the market keeps “hitting new records every day.” He added, "Believe it or not, the stock market will go up.”

Trump also sparked domestic backlash by suggesting the Strait of Hormuz be renamed to "TRUMP STRAIT." Sen. Bernie Sanders (I-Vt.) criticized the move, calling Trump a "mad king.”

Meanwhile, the 10-year Treasury bond yielded 4.76%, and the two-year bond was at 4.35%. The CME Group’s FedWatch tool projections show markets pricing in a 60.2% likelihood of the Federal Reserve hiking interest rates at its September meeting.

The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.20% at $766.71, while the QQQ advanced by 0.09% to $709.88.

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Transcript
00:08all right we're looking at another mixed open here ahead of thursday's open or mixed pre-market
00:13ahead of thursday's open i beg your pardon s&p futures right near unchanged but actually positive
00:19by 0.03 percent and up off of the morning lows dow futures higher by 0.24 percent and the
00:26nasdaq
00:27is lower by 0.16 percent so no move greater than a quarter of a percent in either direction all
00:34indices hanging around unchanged all of them up off their lows this morning oil is also higher that is
00:41higher by 1.57 percent so oil futures also trading up obviously that has inflation concerns so that is
00:48also something to watch here today now let's take a look at some cues from last session as well as
00:54where we sit here this morning we've got several stocks in focus for you as per usual most sectors
01:00on the s&p 500 closed on a positive note with communication services materials and health
01:04care stocks recording the biggest gains on wednesday however real estate stocks bucked the overall
01:10market trend closing the session lower u.s stock futures advanced on thursday as the dow s&p and
01:15nasdaq indices rose following wednesday's higher close they're slightly mixed at the moment president
01:22trump predicted wednesday that the stock market will continue moving higher despite the ongoing war
01:27in iran and oil price volatility dismissing concerns while noting that the market keeps quote hitting new
01:33records every day end quote he added quote believe it or not the stock market will go up end quote
01:40trump also smart sparked domestic backlash by suggesting that the strait of hormuz be renamed the trump
01:47strait oh my gosh senator bernie sanders criticized the move obviously calling trump a quote mad king
01:55unquote meanwhile the 10-year treasury bond yielded 4.76 percent and the two-year bond was at 4.35
02:02percent
02:02the cme group's fed watch tool projections show markets pricing in a 60.2 percent likelihood of the
02:08federal reserve hiking interest rates at the september meeting we'll see if we end up getting that
02:13now we've got several stocks in focus here for you today and the first one should be an obvious one
02:19really the first two frankly first one here is going to be broadcom and the ticker on this one is
02:24avgo and it was 2.41 percent lower in the pre-market on thursday as it reported better than expected
02:30financial results for the third quarter of fiscal 2026 but issued weak guidance for the fourth quarter
02:37the next stock on our list is going to be snow and what a move snow ticker snow surged 23
02:43.42 percent
02:44as it posted upbeat financial results for the second quarter we will of course cover both of
02:49these stories in more depth in the next segment the next stock on our list is going to be hewlett
02:55packard enterprises the ticker is hpe and it declined by 4.9 percent despite beating fiscal 2026 third
03:03quarter results it also raised its fiscal 2026 adjusted eps guide to between 375 and 385 that
03:10was versus 343 estimate and it raised its revenue outlook to between 45.96 and 46.99 billion versus
03:17an estimate of 44.94 billion the next stock on our list is going to be netscope not netscape netscope
03:25the ticker is ntsk and it rose 10.47 percent as its second quarter revenue grew 29 percent year over
03:33year to 220 and a half million with gross margin rising to 74 percent driven both by new and existing
03:40customers however net loss widened to 110.8 million due to the higher operating expenses and ipo related
03:48stock compensation the last stock on our list is going to be lululemon the ticker is lululemon and
03:57it was half a percent higher as analysts expected to post quarterly earnings of 179 per share
04:02on revenue of 2.46 billion after the closing bell today
04:07you
04:09you

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