[gubamyster]

Stock futures are flat as jobless claims unexpectedly rise

PUBLISHED WED, JUL 21 20216:02 PM EDT Tanaya Macheel Pippa Stevens

FTA
U.S. stock index futures were flat as an unexpected jump in jobless claims kept investors on edge about the economy.

Futures contracts tied to the Dow Jones Industrial Average fell 60 points lower, off their highs of the overnight session. S&P 500 futures were flat. Nasdaq 100 futures added 0.06%.

Jobless claims unexpectedly rose to 419,000 last week, higher than the 350,000 Dow Jones estimate and more than the upwardly revised 368,000 from the previous period, the Labor Department reported Thursday.

The 10-year Treasury yield ticked lower after the report.

The Dow is up 0.3% on the week and sits less than 1% from a record high. The 10-year Treasury yield was slightly higher on Thursday to 1.29%, up from a drop to 1.17% earlier in the week that spooked stocks.

https://www.cnbc.com/2021/07/21/stock-market-futures-open-to-close-news.html

[Rusty0604]

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