Wall Street to open on a mixed note

Wall Street is set for a mixed start following a similar performance on Wednesday. The Dow is expected to open 42 points or 0.05% higher and the S&P around 0.01%. But the Nasdaq is indicated 0.21% lower. Sophie Griffiths, market analyst at Oanda, said: "Today all eyes will be on US ISM manufacturing PMI, particularly the prices subcomponent, given the recent spike in inflation. The paid prices index is expected to inch lower to 87 in June, down from 88. Jobless claims and the Challenger jobs report will provide further clarity on the health of the US jobs market ahead of tomorrow's key non-farm payrolls." Also on the agenda is the return to the stock market of Krispy Kreme following a buyout in 2016. It will join Nasdaq with the ticker DNUT, but its shares have been set at $17 each, below the bottom end of the predicted price range. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: "Timing is everything for an IPO, and this launch comes at a time when the public is becoming more health conscious, particularly following the pandemic where obesity now appears to have been a major factor in cases of severe sickness. "The fact that [the price] has come in well below the bottom of the expected range indicates that initial demand for shares was lukewarm. As with any new offering, there could well be a flurry of interest as soon as trading begins, with customers and retail investors still keen to get a bite of the action." Three things to watch for on Thursday: Companies delivering earnings on the first day of July include French’s Mustard owner McCormick & Co Inc (NYSE:MKC) and lighting and building management group Acuity Brands Inc (NYSE:AYI) Walgreens Boots Alliance Inc (NASDAQ:WBA) may also draw attention after the pharmacy chain upgraded its profit forecast On the macro front, jobless claims data will be in focus alongside manufacturing PMI readings