Stock futures dip ahead of jobless claims data
Stock index futures dipped on Thursday along with global markets, as investors awaited data expected to show a rise in initial jobless claims, one day before the closely watched monthly non-farm payrolls report.
The Labor Department will release weekly first-time claims numbers for jobless benefits at 8:30 a.m. EST. Economists in a Reuters survey forecast 447,000 new filings, compared with 432,000 in the prior week. On Friday, the government will release the monthly non-farm payrolls employment.
The ICSC releases chain store sales for December versus a year ago. In the previous month, sales fell 0.3 percent from a year ago.
St. Louis Fed President James Bullard said Thursday the U.S. labor market is improving and the economy is close to the point where unemployment will start to fall.
Kansas City Fed President Thomas Hoenig will speak on the U.S. economic outlook later Thursday.
S&P 500 futures lost 3.8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 29 points, and Nasdaq 100 futures dropped 5.75 points.
European stocks were down 0.5 percent at midday Thursday in their first broad retreat this year.
Bed Bath & Beyond Inc
British confectioner Cadbury Plc's
A former senior executive at Citigroup Inc
Shares in Ruby Tuesday Inc
Shares in Zumiez Inc
Apollo Group Inc
For non-farm payrolls, economists look for a loss of 8,000 non-farm jobs after a surprisingly small total of 11,000 job losses in November. The unemployment rate is seen at 10.1 percent versus 10 percent in November.
(Reporting by Angela Moon; editing by Jeffrey Benkoe)
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