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U.S. markets failed to rally Thursday morning despite news earlier this week that the U.S. economy grew by 4% in the second quarter. Dow Jones futures slipped 108 points (-0.64%), S&P futures were down 13.25 points (-0.67%), and Nasdaq futures were down 29.50 points (-0.74%).
News that weekly jobless claims rose to 302,000 are placing a drag on U.S. stock futures. With concerns about the labor market on the rise from investors and the Federal Reserve, all eyes will be on the U.S. employment report, set for release Friday morning.
Here's a roundup of the top stories to watch in the stock market today:
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.