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Jobless claims ahead, GameStop sales miss estimates

by News
December 7, 2023
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© Reuters

Investing.com — U.S. stock futures hover around both sides of the flatline, as markets geared up for fresh labor market data that could help indicate how the Federal Reserve will approach its future interest rate decisions. Elsewhere, GameStop (NYSE:) shares slip after the video game retailer and meme stock darling posted lower-than-projected quarterly net sales, while China’s exports rise in November.

1. Futures mixed

U.S. stock futures were mixed on Thursday, as investors remained cautious ahead of the release of the highly-anticipated monthly non-farm payrolls report later this week.

By 05:10 ET (10:10 GMT), the contract had dipped by 66 points or 0.2%, were broadly unchanged, and had inched up by 30 points or 0.2%.

The main indices on Wall Street ended in the red on Wednesday, with traders attempting to gauge the outlook for Federal Reserve monetary policy. The benchmark shed 0.4%, the 30-stock moved down by 0.2%, and the tech-heavy dropped by 0.6%.

Prior to closing, equities oscillated between small gains and losses after data showed that private payrolls grew by less than expected in November. When paired with news of a drop in October job…

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