Stocks are set to open higher Thursday morning after Shanghai bounced back from its recent lows, prompting a rally in markets worldwide. Investors were also encouraged by higher oil and commodity prices, but an unexpected loss at retail giant Sears (SHLD
) tested confidence early on. Several economic indicators, including employment data, will be in focus this morning.
[Update: an unexpected rise in jobless claims, combined with Sears disappointment caused sentiment to sour somewhat. Stocks are headed for a flat to lower open.]
More here: Before the bell: Stock futures higher on China, oil rebound