US STOCKS-Wall St set to slide at open after jobless claims data [Reuters]
Meta Platforms, Inc. - Class A (FB)
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Source: Reuters
Dow, S&P 500 futures dip at end of strong month; jobless data eyed (Reuters) - Dow and S&P 500 stock index futures dipped on Thursday at the end of a strong month for Wall Street, with investors nervous about another stunning jobless claims figure, while Nasdaq futures were supported by upbeat earnings from Facebook and Tesla. The S&P 500 .SPX is on course for its best month since 1974, powered by dramatic U.S. monetary and fiscal stimulus and hopes of a revival in business activity as states reopen from lockdowns. All three U.S. stock indexes ended Wednesday’s session closer to all-time highs reached in February after positive partial data from a trial of Gilead Science Inc’s ( GILD.O ) antiviral remdesivir showed an improved recovery rate in COVID-19 patients. Although data is likely to show weekly jobless claims stabilized after scaling record highs in March, other numbers have shown that the U.S. economy confirmed its sharpest contraction since the Great Recession in the first q
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