Nasdaq futures turn positive after weekly jobless claims data By Reuters


© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 7, 2022. REUTERS/Brendan McDermid

(Reuters) – U.S. stock index futures tracking the turned positive on Thursday, after data showed an increase in weekly jobless claims, in a sign that could suggest the Federal Reserve may need to ease its aggressive monetary tightening cycle.

The benchmark moved lower following the report, supporting rate-sensitive growth stocks including Apple Inc (NASDAQ:) and Amazon.com Inc (NASDAQ:).

The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the labor market remains tight even as demand for labor is cooling amid higher interest rates.

At 8:33 a.m. ET, were up 1 points, or 0%, were up 2.75 points, or 0.07%, and were up 34.5 points, or 0.3%.

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