Stock Futures Fall Amid Stimulus Worries

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US equity futures are trading lower ahead of Thursday’s trading session on Wall Street.

The main forward indices suggest a decline of 1.4%, or 500 points on the Dow Jones when the opening bell rings.

The yield on the 10-year Treasury bill is 1.25%.

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On Wednesday, the Federal Reserve raised the possibility of reducing the US economic stimulus.

The minutes from the last Fed meeting in June gave optimistic prospects for a recovery in the US economy and showed board members how and when they could cut monthly bond purchases that inject money. money in the financial system.

Ahead of Thursday’s opening bell, the Labor Ministry released its tally of new unemployment benefit claims for the past week. Expectations are 350,000, down from the previous week’s pandemic low of 364,000 claims. Continuing claims, which track the total number of unemployed receiving benefits, are expected to drop from 134,000 to 3.335 million, marking a new pandemic low.

In Europe, the London FTSE fell by 1.9%, the German DAX by 1.6% and the French CAC by 2.2%.

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Japanese authorities have prepared to declare a state of coronavirus emergency during the Olympics due to an upsurge in infections.

Market benchmarks in Shanghai, Tokyo and Hong Kong fell.

The Nikkei 225 in Tokyo lost 0.9%, the Hang Seng in Hong Kong fell 2.9% and the Shanghai Chinese Composite Index fell 0.8%.

Wall Street closed on a new high, propelled by gains in tech, industrial and healthcare stocks.

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Me: DJI MEDIUM DOW JONES 34681.79 +104.42 + 0.30%
SP500 S&P 500 4358.13 +14.59 + 0.34%
I: COMP NASDAQ COMPOSITE INDEX 14665.063071 +1.42 + 0.01%

The benchmark S&P 500 rose 0.3% to 4,358.13. The Dow Jones Industrial Average added 0.3% to 34,681.79. The Nasdaq composite gained less than 0.1% to hit a record 14,665.06.

Apple rose 1.8%, Otis added 2%, and Biogen gained 3%. Energy and other sectors have slipped.

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In energy markets, benchmark US crude fell 80 cents to $ 71.37 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell from $ 1.17 to $ 72.20 on Wednesday. Brent crude, the basis of international oil prices, fell 70 cents to $ 72.73 a barrel in London. It sank $ 1.10 the previous session to $ 73.43.

The Associated Press contributed to this report.

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