U.S. stock futures edged higher following the release of the weekly jobless claims report.
The labor markets showed a sign of improvement as initial jobless claims fell substantially last week. The Labor Department said weekly claims came in at 451,000 from 478,000 in the previous week. Analysts were expecting a reading of 470,000. Continuing claims meanwhile, came in little changed. A separate report showed improvement in the trade gap. The trade deficit for July narrowed to $42.8 billion from $49.8 billion in June. Exports rebounded 1.8% while imports declined 2.1%.
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