Make Kitco Your Homepage

Futures slip as weekly jobless claims unexpectedly rise

Kitco News

(Reuters) - U.S. stock index futures extended declines on Thursday after data showed initial jobless claims unexpectedly rose for the previous week, adding to fears that soaring COVID-19 cases will stifle growth in the world’s largest economy.

At 8:33 a.m. ET, Dow e-minis were down 76 points, or 0.26%, S&P 500 e-minis were down 10 points, or 0.28%, and Nasdaq 100 e-minis were down 30.5 points, or 0.26%.

Moments before the data, Dow e-minis were down 55 points, or 0.19%, S&P 500 e-minis were down 5.5 points, or 0.15%, and Nasdaq 100 e-minis were down 18.5 points, or 0.16%.

Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.