August 29, 2013- Stocks Set Edge Higher as Syria Reassessed

Early indications suggest that Wall Street may maintain the momentum it picked up yesterday on the back of bargain hunting. The major U.S. index futures point to a higher opening on Thursday even as the Syrian crisis still rages on. The jobless claims report may set the tempo for the early movement, as the markets refocus on the economic fundamentals. Asian markets closed higher, tracking Wall Street's gains and the European markets are also currently trading higher. The Dow futures are adding 23 points, the S&P 500 Index futures are up 2.50 points and the Nasdaq 100 futures are rising 9 points. U.S. stocks rebounded on Wednesday, as buying emerged on the back of bargain hunting. On the economic front, the Labor Department is scheduled to release its jobless claims report for the week ended August 24th at 8:30 am ET. Economists expect jobless claims to decline to 330,000 from 336,000 in the previous week.