Data released Wednesday showed a surprise rebound in the U.S. services sector in July and solid factory orders, which eased concerns over the U.S. economy and pushed stocks higher on the day.On the data front Thursday, there will be initial claims and international trade figures at 8:30 am ET.Cleveland Fed President Loretta Mester speaks at 12pm ET. On Wednesday, St. Louis Fed President James Bullard told CNBC Wednesday that he doesn't think the U.S. is in a recession and that the central bank will continue to raise rates to deal with inflation.
U.S. Treasury yields move lower off the back of positive economic data.