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US STOCKS-Futures slip ahead of weekly unemployment claims data

Published 09/10/2020, 07:14 PM
Updated 09/10/2020, 07:20 PM
VIX
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* Futures fall: Dow 0.52%, S&P 0.51%, Nasdaq 0.40%

By Medha Singh
Sept 10 (Reuters) - U.S. stock index futures eased on
Thursday, following the S&P 500's biggest one-day jump in three
months, as investors cautiously awaited the weekly jobless
claims data to gauge the economy's health.
The number of Americans filing for unemployment benefits is
expected to dip for a third straight week but remain far above
pre-pandemic levels, as layoffs and furloughs persisted across
industries.
With economic data signaling a gradual pace of recovery, the
U.S. Senate was set to vote later in the day on a significantly
scaled back Republican coronavirus relief bill in what could be
the final vote on fiscal aid in Congress before the Nov. 3
presidential and congressional elections. Wall Street's main indexes rebounded on Wednesday, snapping
the biggest three-day rout since March, as investors returned to
tech-focused stocks which are deemed insulated from the current
economic downturn.
The CBOE volatility index .VIX , a gauge of investors'
fear, hit a near three-month high at the start of a historically
tumultuous month of September after a stellar five-month rally
in U.S. stocks, led by tech shares and backed by tremendous
fiscal and monetary support.
At 6:48 a.m. ET, Dow e-minis 1YMcv1 were down 145 points,
or 0.52%. S&P 500 e-minis EScv1 were down 17.5 points, or
0.51% and Nasdaq 100 e-minis NQcv1 were down 46 points, or
0.4%.
Walt Disney Co DIS.N fell 0.6% premarket as sources said
Chinese authorities barred major media outlets from covering the
release of "Mulan", in an order issued after controversy erupted
overseas over the film's links with the Xinjiang region.

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