Wall Street was set for a muted open on Thursday following record highs for all three main indexes in the previous session, as investors awaited upcoming employment data later this week.
The S&P 500, the Nasdaq and the blue-chip Dow clocked record closing highs on Wednesday as technology shares rallied after upbeat results from companies including and Marvell Technology.
U.S. Federal Reserve Chair Jerome Powell appeared to signal support for a slower pace of interest-rate cuts ahead when he spoke on Wednesday, saying the economy was stronger at this point than the central bank had expected in September. San Francisco Fed President Mary Daly said there was "no sense of urgency" on reducing borrowing costs further.
Comments from Richmond Fed President Thomas Barkin are due later in the day.
On the day, data showed the number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market continued to cool.
Focus will now shift to the crucial monthly jobs report, which is scheduled for release on Friday.
Source: Reuters
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