US STOCKS SNAPSHOT-Futures pare gains after weekly jobless claims data

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 23 (Reuters) - U.S. stock index futures pared gains as the number of Americans filing for state unemployment benefits in the previous week unexpectedly fell. Data showed the number of Americans filing for state unemployment benefits in the week ended Feb. 18 were 192,000 compared to 195,000 a week before. Analysts expected 200,000 new claims. Separately, a second reading for fourth-quarter gross domestic product data rose by 2.7% from a 2.9% increase in the last quarter. Economists polled by Reuters expected no change from the previous quarter. At 8:34 a.m. ET, Dow e-minis were up 53 points, or 0.16%, S&P 500 e-minis were up 15.5 points, or 0.39%, and Nasdaq 100 e-minis were up 97.25 points, or 0.8%. (Reporting by Johann M Cherian in Bengaluru; Editing by Arun Koyyur)

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