RTRS: Stock futures add to losses after jobless claims data
NEW YORK (Reuters) - Stock index futures added to losses on Thursday after a government report showed a steeper-than-expected surge in the number of people filing new claims for jobless benefits in the latest week, underscoring the strains on the labor market and the economy.
The jobless claims hit their highest in 7 years.
S&P 500 futures slipped 4.20 points and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures declined 25 points, and Nasdaq 100 futures fell 14.75 points.
(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
