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Thursday, 12/04/2014 7:31:29 AM

Thursday, December 04, 2014 7:31:29 AM

Post# of 1459
Futures for the S&P 500 index (SPZ4) were mostly flat at 2,073.60, while those for the Dow industrials (DJZ4) added 15 points to 17,912. Futures for the Nasdaq-100 index (NDZ4) gained 5.25 points to 4,315.75.

Both the S&P 500 (SPX) and the Dow industrials (DJI) bagged record closes -- 48th and 33rd, respectively -- on Wednesday, with markets lifted by upbeat services sector data and cyclical stocks such as energy. But action was flat on Thursday, with some big events looming for investors.

Looking for a Draghi dove: The ECB will hand down a policy decision at 7:45 a.m. Eastern Time, followed by a news conference from ECB President Mario Draghi at 8:30 a.m. Eastern. No policy change is expected, but markets will be looking out for any dovish comments from Draghi on whether the central bank is ready to kick off more stimulus. Read a preview

"Draghi needs to be very, very dovish and hint at more ECB action to keep stocks going up. I think he will be dovish, but there will be no hints strong enough to meet investor expectations," said Wouter Sturkenboom, strategist at Russell Investments in London, in emailed comments. The Hindenburg Omen cries bear market again

Weekly jobless clams are coming at 8:30 a.m. Eastern Time. The data comes ahead of Friday's nonfarm-payroll data, a big event that gives investors a reason to sit on the sidelines. "Jobs data needs to come in the area of 180,000-230,000 to keep investors happy. Higher is worse than lower," added Sturkenboom. Why economists say 400,000 jobs could be added
http://ih.advfn.com/p.php?pid=nmona&article=64666490

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