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US STOCKS SNAPSHOT-Futures pare losses after GDP, durable goods data
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US STOCKS SNAPSHOT-Futures pare losses after GDP, durable goods data
Jul 25, 2024 6:02 AM

July 25 (Reuters) - U.S. stock index futures pared

losses on Thursday after weaker-than-expected durable goods data

lifted hopes for earlier interest rate cuts from the Federal

Reserve.

A report showed durable goods orders fell 6.6% in June,

compared with expectations for a 0.3% rise.

U.S. gross domestic product grew 2.8% in the second quarter,

the Commerce Department reported in its advance GDP estimate,

versus forecasts of a 2% growth according to economists polled

by Reuters.

At 8:34 a.m. ET, Dow e-minis were up 35 points, or

0.09%, S&P 500 e-minis were down 7.5 points, or 0.14%,

and Nasdaq 100 e-minis were down 48.75 points, or 0.25%.

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