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Futures extend losses after weaker-than-expected jobless claims data

2023-09-07 20:48
U.S. stock index futures extended losses on Thursday following weaker-than-expected jobless claims data from last week, underscoring concerns
Futures extend losses after weaker-than-expected jobless claims data

U.S. stock index futures extended losses on Thursday following weaker-than-expected jobless claims data from last week, underscoring concerns that interest rates could stay elevated for longer than expected.

A Labor Department report showed the number of Americans filing for unemployment claims stood at 216,000 for the week ended Sept. 2, compared with estimates of 234,000 claims.

At 8:32 a.m. ET, Dow e-minis were down 69 points, or 0.2%, S&P 500 e-minis were down 27.5 points, or 0.62%, and Nasdaq 100 e-minis were down 168 points, or 1.09%.

(Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Vinay Dwivedi)