By Oliver Gray
Investing.com - U.S. stock futures dipped in overnight deals on Thursday, after mixed performances during regular trade as market participants remained cautious amid the continued spread of the Delta variant and fears of a bad monthly performance based on historic seasonal September declines.
During regular trade on Thursday, the Dow Jones Industrial Average lost 63.07 points or 0.18% to 34751.33, the S&P 500 fell 6.93 points or 0.15% 4473.76, while the NASDAQ Composite added 20.39 points or 0.13% to 15181.92. For the week, the Dow is up 0.41%, the S&P 500 is up 0.34% and the Nasdaq Composite has gained 0.44%.
In U.S. policy news, President Joe Biden on Thursday expressed confidence that Congress will pass a US$3.5 trillion spending bill that funds child care, community college and other social programs, in addition to the $1 trillion infrastructure bill that already has bipartisan support.
Among data, the Census Bureau reported Thursday that August’s retail sales increased 0.7% for the month beating market forecasts of a 0.8% drop amid fears that escalating Covid cases and supply chain issues would affect consumers. Meantime, weekly initial jobless claims came in at 332K for the week ended Sept. 11, slightly above expectations of 330K.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.