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US STOCKS SNAPSHOT-Futures extend losses after economic data
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US STOCKS SNAPSHOT-Futures extend losses after economic data
Apr 25, 2024 6:00 AM

April 25 (Reuters) - U.S. stock index futures extended

losses on Thursday as signs of robust economic growth dampened

prospects of the Federal Reserve cutting interest rates anytime

soon.

The Commerce Department's snapshot of first-quarter gross

domestic product (GDP) showed 1.6% growth, against a 2.4%

increase forecast by economists polled by Reuters.

A separate report from the Labor Department showed the

number of Americans filing new claims for unemployment benefits

stood at 207,000 in the week ended April 20, against a consensus

forecast of 215,000.

At 8:32 a.m. ET, Dow e-minis were down 401 points,

or 1.04%, S&P 500 e-minis were down 58.75 points, or

1.15%, and Nasdaq 100 e-minis were down 269.25 points,

or 1.52%.

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