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6/24, 10:40 AM (Source: TeleTrader)
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US higher premarket prior to GDP, jobs data

Stocks on Wall Street posted gains in the premarket trading on Thursday ahead of GDP and jobless claims data set for release just prior to the opening bell. The previous day was marked by news that legislators are getting closer to reaching a deal on the $1.2 trillion infrastructure bill.

Treasury Secretary Janet Yellen again called for endorsement of the global minimum corporate tax, while Fed official Raphael Bostic revealed the central bank is close to meeting the "substantial further progress" standard to start bond tapering.

The Dow Jones climbed 0.44% or 148 points at 4:38 am ET, while the Nasdaq 100 rose 0.56% and the S&P 500 advanced 0.46%. The euro stood flat against the dollar to sell for 1.19315.

Breaking the News / ND