Jobless claims data Thursday could provide another shot of encouragement for market bulls who are looking for improving economic news to drive stocks higher.
All economic reports, and particularly jobs-related numbers, are under scrutiny as traders watch to see if the malaise of the winter economy had to do with extreme bad weather or something else.
ADP payroll data Wednesday encouraged traders who expect the March employment report Friday to come in at the consensus forecast of 200,000 or even better. ADP reported 191,000 private sector jobs were added. It follows on Tuesday's surprisingly strong auto sales.