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US STOCKS-Futures rise after selloff, weekly jobless number awaited

Published 02/04/2020, 10:50
Updated 02/04/2020, 10:54
© Reuters.
US500
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DJI
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* Futures up: Dow 1.92%, S&P 1.79%, Nasdaq 1.64%

By Medha Singh
April 2 (Reuters) - U.S. stock index futures climbed on
Thursday, a day after Wall Street recorded its steepest fall in
two weeks on intensifying coronavirus fears, with investors on
edge ahead of another expected jump in weekly jobless claims.
Lifting the mood was a steep climb in oil prices on hopes
that Russia and Saudi Arabia may end their price war. O/R
Initial claims for state unemployment benefits are likely to
have shot up to a seasonally adjusted 3.5 million for the week
ended March 28, racing ahead of the previous week's record 3.3
million figure. Some estimates range as high as 5.25 million.
The Labor Department's report, due at 8:30 a.m. ET (1230
GMT), will be closely watched as more than 80% of Americans
remain under lockdown to curb the spread of the virus.
The three main stock indexes tumbled 4% on Wednesday, with
the Dow .DJI and S&P 500 .SPX extending declines from one of
their worst quarters in more than a decade following President
Donald Trump's stark warning on the U.S. death toll.
At 05:35 a.m. EDT, Dow e-minis 1YMcv1 were up 399 points,
or 1.92%, S&P 500 e-minis EScv1 were up 43.75 points, or 1.79%
and Nasdaq 100 e-minis NQcv1 were up 121.75 points, or 1.64%.
SPDR S&P 500 ETFs SPY.P were up 1.39%.

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