U.S. Stock Market today prediction: S&P 500, Nasdaq, Dow Jones jump big in Wall Street pre-market trading. Stocks to watch out on Thursday

S&P 500 was up 0.3 per cent, Nasdaq jumped 0.3 per cent, and Dow rose ​0.4 per cent in pre-market trading as U.S. stock index futures ​edged higher on Thursday as stronger jobs growth and a fall in unemployment rate eased concerns over the economy, while markets awaited inflation data and corporate earnings. Dow E-minis were up 174 ⁠points, or 0.35 per cent, ‌S&P 500 E-minis were up 22.75 points, or 0.33 per cent and Nasdaq 100 E-minis ​were up ​67 points, or 0.26 per cent.

Traders dialed back bets on interest-rate cuts following the data. At least one ‌cut is ⁠still expected ⁠in June, but chances of the central bank holding rates steady have risen to almost 40 per cent from 24.8 per cent, according to ​CME Group’s FedWatch tool.

The next big economic indicator will be Friday’s Consumer Price Index inflation report for January, ​while weekly U.S. jobless claims figures is due later in the day.

Wall Street indexes ended on a muted note in previous session as investor sentiment took a hit from a drop ​in rate-cut expectations.

Corporate earnings continued to draw investor attention. Some notable results ⁠before the bell include Restaurant Brands , Birkenstock, Howmet Aerospace and Exelon

AI-driven ​disruption has weighed on companies likely to be impacted with markets ​quick to punish sectors they deem would face competition.

Software shares continued their slide on Wednesday after a rebound for three sessions, while brokerage firms posted losses.

AppLovin shares dropped 4.8 per cent after fourth-quarter results. The marketing platform has lost nearly a third of its value in the first six weeks of the year amid increasing competition.

Cisco shares fell 8 per cent in premarket trading after the networking equipment provider ‌posted quarterly adjusted gross margin below expectations.

Markets will also closely listen to comments from Bank of Dallas President Lorie Logan and Governor Stephen Miran.

On the trade ​front, the ​U.S. and China may extend ⁠their trade truce for up to a year with President Donald Trump and his Chinese counterpart Xi Jinping expected to meet in Beijing in early April, according to a report from the South ​China Morning Post.

The U.S. House of Representatives narrowly backed a measure disapproving Trump’s tariffs on Canada, with lawmakers voting in favor of a resolution to terminate use of a national emergency to put punitive trade measures on Canadian goods.

Among other movers, Applied Materials shares dropped 1 per cent after the U.S. Department of Commerce announced a $252 million settlement with the firm for illegally exporting chipmaking equipment to China.

…moreless