- Traders look set to pare the robust gains seen on Wall Street this week after a rally that lifted the DJIA above 29,000 for the first time since February. Futures: Dow flat; S&P -0.2%; Nasdaq -0.6%.
- Some signs of profit-taking were already in the air as high-flying names like Apple and Tesla fell 2% and 5.8%, respectively, on Wednesday, though the losses only curb significant YTD gains for each stock.
- On the economic calendar, reports today include the latest jobless claims, July's trade balance, revisions to Q2 productivity and labor costs and the ISM's non-manufacturing PMI for August.
- In COVID-19 news, the CDC has notified public health officials in all 50 states and five large cities to prepare for distribution of a vaccine that could come in late October or early November.
S&P futures on back foot
