US STOCKS-Futures slip as labor market recovery slows

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* Weekly jobless claims dip below 800,000, but remain
elevated
* Tesla rises after fifth straight quarterly profit
* Coca-Cola up after results beat
* Futures off: Dow 0.17%, S&P 0.20%, Nasdaq 0.18%

(Adds comment, details; Updates prices)
By Medha Singh and Shivani Kumaresan
Oct 22 (Reuters) - U.S. stock index futures extended losses
on Thursday as high levels of weekly jobless claims suggested a
slowing recovery in the labor market, while talks in Washington
over a stimulus deal dragged on.
The number of Americans filing for state unemployment
benefits last week dropped more than expected to 787,000, but
remained stubbornly high as support from fiscal stimulus
faded. "There is still hope for stimulus talks, but the market is
getting more and more unsure whether or not it's going to
happen," said Robert Pavlik, chief investment strategist and
senior portfolio manager at SlateStone Wealth LLC in New York.
"Anybody who is realistic about it realizes that the
stimulus is not going to come until sometime after the
election."
Wall Street's main indexes ended a volatile session slightly
lower on Wednesday, following a flurry of reports related to
progress in stimulus talks.
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.
At 8:33 a.m. ET, Dow e-minis 1YMcv1 were down 48 points,
or 0.17%, S&P 500 e-minis EScv1 were down 7 points, or 0.20%,
and Nasdaq 100 e-minis NQcv1 were down 20.75 points, or 0.18%.
Tesla Inc TSLA.O climbed 4.6% after the electric-car maker
reported its fifth consecutive quarterly profit and record
revenue of $8.8 billion. Chipotle Mexican Grill Inc CMG.N fell 4.4% as it posted a
drop in quarterly profit, hurt by higher beef prices, delivery
costs and coronavirus-related expenses. Among blue-chip companies, Coca-Cola Co KO.N gained 2.2%
as it beat quarterly results expectations, while chemical maker
Dow Inc DOW.N rose 2.3% after it surpassed quarterly profit
estimates.