Pre market futures early morning data shows S&P 500 pre

Early morning data shows S&P 500 pre market futures trading near 5,190, supported by strong consumer confidence index readings. The correlation between futures moves and macro data releases remains tight this week, especially in rate-sensitive sectors. There are some major tailwinds that should keep demand for logistics real estate strong for years to come. For example, the e-commerce market has roughly quadrupled in size since 2012 and is forecast to more than double from its current size by 2030, creating a need for even more distribution and warehousing space. In fact, e-commerce retail needs roughly three times the logistics space as a brick-and-mortar retailer to handle the same sales volume. There's also a trend toward developing properties further from city centers and closer to where the customers are. Due to a disruption in jobless claims reporting from Texas last week, to the tune of 15K, we saw Initial Jobless Claims spike to a now upwardly revised +264K, which represents the highest week of new jobless claims since October 2021. We’re back down to +231K for last week, which is back in range with where we’ve been most of 2025. Continuing Claims , reporting a week in arrears from initial claims, continues to dwindle from recent highs: 1.920 million is the lowest print since May, and the second week in a row beneath 1.94 million, where we were for 12 weeks (without touching 2 million longer-term jobless claims). These recent highs were last matched back in November of 2021. Weekly Jobless Claims obviously do not tell the entire labor story. Continuing Claims, for instance, expire after a certain amount of weeks and are no longer counted; it’s possible we have more people out of work than this data cites. Then again, this is likely the case for all employment data: even the BLS numbers do not count recent college graduates who aren’t getting hired as unemployed; they haven’t yet registered as part of the labor force. Pre market futures are trending higher in early Wednesday trading, with S&P 500 e-mini futures up 0.35% as tech stocks see renewed bid interest following upbeat semiconductor earnings. The Nasdaq futures are leading with a 0.48% jump, hinting at strong momentum if cash markets open in line with futures action.