Quotes of futures for US stock indices are declining on Thursday, traders, among other things, are evaluating statistical data on the US labor market.
The number of Americans who first applied for unemployment benefits fell by 6,000 last week to 222,000, according to a report from the US Department of Labor. This is the lowest level since the end of May. According to the revised data, a week earlier, the figure was 228 thousand, and not 232 thousand, as previously reported.
Analysts, on average, expected an increase in the number of applications to 235 thousand compared to the previously announced level of the previous week, according to Bloomberg. Experts polled by Trading Economics also expected an increase in the indicator – up to 240 thousand rubles.
The US stock market could fall another 25% if the US economy enters a recession, Deutsche Bank AG strategists predict. The outlook for the equity market looks dim amid the expected fall in corporate earnings and the risk of a looming recession. Deutsche experts note that share prices are still high.
Shares of United Airlines Holdings Inc. cheaper by 0.85%. The American airline has invested $15 million in flying taxi maker Eve Air Mobility, the air carrier said in a statement.
Paper American Eagle Outfitters Inc. fall by 12.3%. The American clothing retailer reported a quarterly loss and refused to pay dividends, causing the company’s shares to drop sharply in pre-trading.
Amazon.com Inc stock price decreases by 0.5%. The American online retailer plans to continue expanding its staff, but not as actively as during the coronavirus pandemic, CEO Andy Jesse said at a Vox Media event in Beverly Hills.
Shares of Apple Inc. down by 0.75%. The company during the traditional autumn presentation introduced a new line of iPhone 14 smartphones, as well as a new generation of smart watches Apple Watch.
The value of the September E-mini futures on the S&P 500 fell by 0.18% to 3972.75 points by 15:40 square meters on Thursday. The quote of the September E-mini futures on the Dow Jones index decreased by this time by 0.05%, to 31,560 points. Futures on the Nasdaq 100 for September fell 0.36% to 12219.5 points.
