(Bloomberg) -- The rally that’s propelled global equities to all-time highs this month cooled on Thursday after a batch of disappointing U.S. economic data. Crude oil continued its advance toward $46 a barrel. Asian stocks fluctuated, showing modest gains in Japan and small losses in China. S&P 500 futures were little changed after the benchmark pulled back from a record, and the Dow Jones Industrial Average fell below 30,000. Treasury futures edged up after U.S. bonds ended Wednesday flat. The dollar held an overnight decline.A deluge of data brought the first back-to-back rise in weekly U.S. jobless claims since July, an uptick in durable goods orders and a widening trade deficit. Volume dwindled at the end of the U.S. session as traders headed out for the Thursday holiday that will keep markets closed.Minutes from the Federal Reserve’s latest meeting did little to alter views. The central bank discussed at the Nov. 4-5 meeting providing more guidance on its bond-buying strategy “fairly soon” but didn’t see a need for immediate adjustments. An MSCI gauge of global shares has stalled after gaining 13% in November -- still set for the best month since 1988 -- on progress toward a coronavirus vaccine.“We believe the market rally can continue from here powered by all the positive vaccine news, more political clarity with a peaceful White House transition and with more stimulus to come,” Xi Qiao, managing director at UBS Global Wealth Management, said on Bloomberg TV. “We are already seeing a strong rotation into cyclical and reopening trades with the vaccine news and we expect this trend to continue,” she said.Elsewhere, the won ticked higher after South Korea’s central bank kept its key interest rate unchanged as expected. Bitcoin was down more than 5% and Ethereum lost 10% on Thursday, following the recent surge.Here are some key events coming up:U.S. celebrates the Thanksgiving holiday on Thursday. The stock market closes at 1 p.m. on Friday.The week ends with Black Friday, the traditional start of the U.S. holiday shopping season.Here are the main moves in markets:StocksS&P 500 Index futures rose 0.2% as of 12:41 p.m. in Tokyo. The gauge slid 0.2% on Wednesday.Japan’s Topix index gained 0.1%.Shanghai Composite was flat.Hang Seng index gained 0.1%.South Korea’s Kospi index rose 0.1%.Euro Stoxx 50 futures climbed 0.1%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro bought $1.1926.The offshore yuan traded at 6.5572 per dollar, up 0.1%.The yen rose 0.1% to 104.31 per dollar.BondsThe yield on 10-year Treasuries was at 0.88% on Wednesday.Australia’s 10-year yield was at 0.92%.CommoditiesWest Texas Intermediate crude gained 0.4% to $45.88 a barrel.Gold added 0.2% to $1,810.70 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.