The White House has revealed that a second stimulus check is on the table. Hillary Vaughn of FOX Business with more.
US equity futures have swung between gains and losses in the early hours of Thursday.
The major futures indices point to a 0.4 percent decline.
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New cases of coronavirus in the US USA They rose to their highest level in two months, dampening investor hopes for relatively rapid economic change.
The new reports will also dictate the direction of the trading day.
The Labor Department is expected to say that the number of claims for unemployment benefits fell for the twelfth week in a row to 1.3 million, down from 1,508 million the week before. Since coronavirus blockades began in mid-March, 45.74 million people have filed unemployment claims.
May’s durable goods report will also get a lot of attention. New orders for manufactured goods are expected to increase 10.9 percent, a significant rally from 17.7 percent in April.
The Commerce Department will also issue the third and final reading of the first quarter gross domestic product. Economists surveyed by Refinitiv are looking for a 5 percent contraction, unchanged from the second estimate a month ago.
QUARTER OF VULNERABLE WORKFORCE TO TAX CORONAVIRUS DISEASE
In Asia, the Tokyo Nikkei 225 fell 1.2 percent. The markets in Hong Kong and Shanghai were closed for holidays.
In Europe, London’s FTSE is down 0.1 percent, Germany’s DAX is gaining 0.4 percent, and France’s CAC is adding 0.2 percent.
| Heart | Security | Latest | Change | Change% |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 25,445.94 | -710.16 | -2.72% |
| SP500 | S&P 500 | 3,050.33 | -80.96 | -2.59% |
| I: COMP | NASDAQ COMPOSITE INDEX | 9909.165804 | -222.20 | -2.19% |
On Wednesday, the S&P 500 fell 2.6 percent, returning all of its earnings for the month. The sale followed a drop in the European stock indices. It accelerated with the news that New York, New Jersey and Connecticut will require visitors from nine states with high infection rates to be quarantined for 14 days.
The Dow Jones Industrial Average lost 2.6 percent and the Nasdaq, which was hitting its second all-time high this week, lost 2.2 percent.
Despite losing its earnings for June, the S&P 500 is still on track for its best quarter since the fourth quarter of 1998.
In the energy trade, the US reference crude oil. USA It is 42 cents lower at $ 37.59 a barrel in e-commerce on the New York Mercantile Exchange. It slipped 5.8 percent to settle at $ 38.01 a barrel on Wednesday.
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Brent crude, the international standard, fell 33 cents to $ 39.99 a barrel. It fell 5.4 percent to close at $ 40.31.
Associated Press contributed to this article.
