financetom
Market
financetom
/
Market
/
Jobless Claims Jump More Than Expected, Driving Muted Premarket Action for US Equity Futures
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Jobless Claims Jump More Than Expected, Driving Muted Premarket Action for US Equity Futures
May 9, 2024 6:26 AM

09:07 AM EDT, 05/09/2024 (MT Newswires) -- US equity futures were little changed ahead of Thursday's opening bell as traders digested the weekly jobless claims.

Dow Jones Industrial Average futures were down 0.1%, while S&P 500 futures and Nasdaq futures were both flat.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% and US West Texas Intermediate crude up 0.9%, after official data showed a 1.4 million-barrel weekly decline in US crude stockpiles.

New unemployment claims, released at 8:30 am ET, rose to 231,000 in the week ended May 4 from 209,000 in the preceding week, compared with estimates compiled by Bloomberg for 212,000 claims.

In other world markets, Japan's Nikkei closed 0.3% lower, Hong Kong's Hang Seng ended 1.2% higher, and China's Shanghai Composite finished 0.8% higher. Meanwhile, UK's FTSE 100 gained 0.3%, and Germany's DAX index rose 0.9% in Europe's early afternoon session.

In equities, shares of AppLovin ( APP ) were more than 14% higher pre-bell after the company reported it swung to Q1 earnings on higher revenue. Yeti Holdings ( YETI ) shares were up almost 16% on improved fiscal Q1 financial results.

On the losing side, Roblox ( RBLX ) shares fell more than 26% after the company reported Q1 revenue that trailed analysts' estimates. Forward Air ( FWRD ) shares were 33% lower after the company reported it swung to a Q1 adjusted loss.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Mar 26, 2025
01:30 PM EDT, 03/26/2025 (MT Newswires) -- Financial stocks declined in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each decreasing about 0.3%. The Philadelphia Housing Index was down 0.3%, while the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.3%. Bitcoin (BTC-USD) was falling 1% to $86,628, and the yield...
US Equity Indexes Drop as Tariff Uncertainty Intensifies
US Equity Indexes Drop as Tariff Uncertainty Intensifies
Mar 26, 2025
01:39 PM EDT, 03/26/2025 (MT Newswires) -- US equity indexes fell as an expedited implementation of copper tariffs increased uncertainty over impending import levies, and an unexpected increase in durable goods orders helped lift government bond yields. The Nasdaq Composite dropped 2.2% to 17,872.9, with the S&P 500 down 1.3% to 5,703.7 and the Dow Jones Industrial Average 0.5% lower...
Sector Update: Health Care
Sector Update: Health Care
Mar 26, 2025
01:35 PM EDT, 03/26/2025 (MT Newswires) -- Health care stocks fell Wednesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding 0.4%. The iShares Biotechnology ETF (IBB) fell 1.4%. In corporate news, Jaguar Health ( JAGX ) shares fell 6.6% after the company entered into securities purchase agreements to issue up...
Sector Update: Tech
Sector Update: Tech
Mar 26, 2025
01:32 PM EDT, 03/26/2025 (MT Newswires) -- Tech stocks were in the red Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 2.3% and the SPDR S&P Semiconductor ETF (XSD) slumping 3.6%. The Philadelphia Semiconductor index fell 3.8%. In corporate news, Meta (META), Microsoft's ( MSFT ) LinkedIn and Elon Musk's X received value-added tax demands from the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved