Stock futures fell Thursday morning, adding to losses from the regular session a day earlier. A report showed new weekly unemployment insurance claims were higher than expected last week, with the level down just slightly from the prior week.
Weekly unemployment insurance claims ticked down to 1.508 million for the week ended June 13, the Labor Department said Thursday. This was above consensus expectations for claims to fall to 1.29 million for the week, according to Bloomberg data. The prior week’s new claims were upwardly revised to 1.566 million.
Continuing unemployment claims also fell by a less than expected margin for the week ended June 6. Those ticked down to 20.544 million, from the downwardly revised 20.606 million from the prior week. Consensus economists expected continuing claims to dip below the 20 million mark. |