Thursday's Economic Releases to Impact US Markets

The US economy is set to release several key economic indicators on Thursday, including the August ADP Non-Farm Employment Change and Factory Orders. The Bank of Canada will also announce its interest rate decision at 9:45AM ET.

The SPDR S&P 500 ETF Trust (SPY) is currently trading around $759.75, with a potential move toward $765.75 if buyers defend the current level. A breakdown below $753.75 could expose $747.75, while continued weakness may bring the $741.75 region into focus.

NVIDIA Corporation (NVDA) remains an important leadership gauge for semiconductors and technology, with a potential move toward $223.75 if buyers defend the current level of $216.50. A breakdown below $210.50 could expose the psychological $200 area.