Futures rose following a muted session in which traders grappled with disappointing unemployment data and rising coronavirus cases.
eked out small gains. The major averages gyrated between gains and losses for most of the day. At one point, the Dow had fallen more than 270 points.
"The number of new jobless claims fell for the eleventh week in a row but this week, the improvement was much smaller even compared to last week's upwardly revised figure," said Ken Berman of Gorilla Trades. "While the May jobs report was much better than expected, this month's job-related indicators were far from stellar, and that could mean that the pace of the recovery is slowing.
Some investors fear that a resurgence in coronavirus cases could lead to states retaking stricter quarantine measures to curb the spread, thus thwarting expectations of a smooth economic recovery. To be sure, those increases come as states ramp up testing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Steel's stock drops after loss estimate is much wider than Wall Street forecastsShares of U.S. Steel Corp. undefined dropped 3.1% in premarket trading Wednesday, after the steel producer's estimate for second-quarter losses was much...
Read more »
Main Street's boldest take on Wall Street in bankruptcy stock frenzyWhen Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the stock of bankrupt car rental company Hertz Global Holdings Inc .
Read more »
U.S. Stock Futures Point to Fourth Day of GainsU.S. stock futures edge higher as investors weigh signs of the economy recovering against a rise in coronavirus infections in the U.S. and China
Read more »
Stock futures open lower after rally in the previous sessionThe Dow is coming off of a 500 point rally on Tuesday.
Read more »
Stock futures open flat in overnight tradingInvestors turned more cautious as increases in coronavirus cases cast doubt on a swift economic recovery.
Read more »
U.S. stock futures turn higher as European stocks gain groundReversing early losses, U.S. stock futures undefined turned higher Thursday, as did European markets, with the German DAX undefined rising 0.7%. The see-saw...
Read more »