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US STOCKS-Futures slip ahead of jobless claims report

Published 10/22/2020, 06:47 PM
Updated 10/22/2020, 06:50 PM

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window.)
* Futures: Dow and S&P down 0.17%, Nasdaq 0.18%

By Medha Singh
Oct 22 (Reuters) - U.S. stock index futures dipped on
Thursday as investors braced for high levels of weekly jobless
claims while talks in Washington over a stimulus deal dragged
out.
The number of Americans filing for state unemployment
benefits last week is expected to dip slightly but remain firmly
above 800,000 as support from fiscal stimulus faded. The Labor
Department's data is scheduled for release at 8:30 a.m. ET (1230
GMT).
President Donald Trump on Wednesday accused Democrats of
being unwilling to craft an acceptable compromise for a
coronavirus aid bill, despite reports of some progress earlier
in the day.
It was unclear whether the negotiations would continue or go
dormant until after the Nov. 3 presidential and congressional
elections. All eyes will be on the final presidential debate on
Thursday night, where Trump will attempt to change the
trajectory of the race that Democratic challenger Joe Biden
seems to be leading in national polls. Wall Street's main indexes ended a volatile session slightly
lower on Wednesday following conflicting reports on progress in
stimulus talks.
At 06:24 a.m. ET, Dow E-minis 1YMcv1 were down or 0.17% at
28,085 and S&P 500 e-minis EScv1 slipped 0.17% to 3,426.75
3426.5 points. Nasdaq 100 E-minis NQcv1 fell 0.18% to 11,670
points.
Tesla Inc TSLA.O climbed about 5% after the electric-car
maker reported its fifth consecutive quarterly profit on record
revenue of $8.8 billion. Chipotle Mexican Grill Inc CMG.N fell 4% as it posted a
drop in quarterly profit, hurt by higher beef prices, delivery
costs and coronavirus-related expenses. Soda maker Coca-Cola Co KO.N edged lower ahead of its
quarterly report.

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