Economy

Stock trade futures were mixed before the unemployment claims report

US Equity Futures They are trading mixed, which could lead to a halt in selling from the previous session.

Dow Jones futures is pointing to a 0.1% gain when the trading session begins on Thursday on Wall Street.

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A couple potentially moving the market Economic reports On the tap.

The Ministry of Labor is expected to announce the number of claims Unemployment benefits It fell to 840,000 last week, down 20,000 from the previous week’s figure of 860,000 and the lowest reading since March 14, before Corona Virus Closures.

The Census Bureau is expected to say new home sales fell 0.1% in August from July to the seasonally adjusted annual rate of 895,000. This is slightly below the much stronger-than-expected July reading of 901,000, the highest since December 2006.

Market players are less optimistic about the actions the Federal Reserve and Congress are taking to aid the US economy amid the presidential election distortions and the battle for the Supreme Court seat left vacant by the death of Justice Ruth Bader Ginsburg.

Fed Powell says the second round of PPP could do a lot to support small businesses

In Asia, the Japanese Nikkei 225 is down 1.1%, the Hang Seng in Hong Kong is down 1.8% and the Chinese Shanghai Composite is down 1.7%.

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In Europe, the FTSE in London is down 0.7%, the German DAX is down 0.4% and the French CAC is down 0.6%.

Wall Street saw more hits on Wednesday as stocks ended broadly lower, wiping out the previous day’s gains. The S&P 500 index fell 2.4% to 3,236.92, erasing earlier gains. The broad sell-off accelerated in the afternoon, although tech stocks were the biggest losses.

ribbonSafetythe lastThey changeThey change%
I am: DJIDow Jones averages26763.13-525.05-1.92%
SP500Standard & Poor’s 5003236.92-78.65-2.37%
I: COMPNasdaq Composite Index10632.985307-330.65-3.02%

The Dow Jones Industrial Average lost 1.9% to 26,763.13. The Nasdaq Composite Index fell 3% to 10,632.99.

Johnson & Johnson rose 0.2 percent A huge final study has begun To try to prove whether a single dose of the COVID-19 vaccine can protect against the Coronavirus.

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In energy trading, benchmark US crude fell 12 cents to $ 39.80 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international benchmark, lost 8 cents to $ 41.70 a barrel.

The Associated Press contributed to this story.

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