Stock index futures signaled resilience early Thursday, with the Dow leading positive momentum as the Nasdaq and S&P lifted off earlier lows. The market is digesting a mixed labor picture in the U.S., where initial jobless claims came in worse than expected, while continuing claims dropped significantly. In commodities, silver is staging a massive rally, climbing over 3% and reaching new highs. This move is largely driven by increasing energy needs for data centers, pushing silver's correlation with the Nasdaq to a positive 85. Gold and copper are also trading higher, while crude oil prices slipped slightly despite OPEC maintaining a steady demand outlook for 2025. Looking ahead to the rest of the session, traders are watching a $22 billion 30-year bond auction. The focus will then shift to corporate earnings after the bell, with major reports expected from Broadcom, Costco, RH, and Lululemon.
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