Futures slip with focus on jobless claims as Fed underwhelms

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U.S. stock futures fell on Thursday as investors braced for data likely to show persistently high levels of weekly jobless claims, adding to ...

U.S. stock futures fell on Thursday as investors braced for data likely to show persistently high levels of weekly jobless claims, adding to concerns about an economic rebound a day after the Federal Reserve issued an underwhelming stimulus plan.

The Labor Department's weekly report, due at 8:30 a.m. ET, is expected to show about 850,000 Americans filed for unemployment benefits in the week ended Sept. 12, a touch lower than 884,000 in the previous week, but still suggesting the labor market's recovery from the COVID-19 pandemic was stalling.

At 6:37 a.m. ET, Dow e-minis were down 239 points, or 0.85per cent, S&P 500 e-minis were down 34.25 points, or 1.01per cent, and Nasdaq 100 e-minis were down 111.5 points, or 0.99per cent.

 

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