U.S. Stock Futures Erase Gains Before Jobless Claims Data
U.S. stock-index futures erased advances, following two days of gains in the benchmark Standard & Poor’s 500 index, before reports on initial jobless claims and pending home sales.
S&P 500 index futures expiring in June dropped less than 0.1 percent to 1,386.7 at 10:30 a.m. in London. Dow Jones Industrial Average futures fell 4 points, less than 0.1 percent, to 13,036 today.
A Labor Department report at 8:30 a.m. New York time may show that initial jobless claims dropped to 375,000 last week from 386,000 a week earlier, according to the median of 47 economists surveyed by Bloomberg.
To contact the reporter on this story: Sarah Jones in London at sjones35@bloomberg.net
To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net
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