Stock futures narrowly mixed ahead of open
Stock futures trading in narrow range as investors await weekly report on jobless claims
Buzz up! 0 Print..Stephen Bernard, AP Business Writer, On Thursday May 13, 2010, 6:51 am
NEW YORK (AP) -- Stock futures are trading in a narrow range as investors avoid making any big bets before the government's weekly unemployment claims report.
Major indexes rallied sharply in the previous session as traders returned their focus to continued signs of domestic economic improvement. The shift in attention comes after worries about debt problems in Europe began to ease.
The Labor Department's report Thursday is expected to say that initial claims for jobless benefits fell by 4,000 to 440,000.
Dow Jones industrial average futures are down 5, or 0.1 percent, at 10,871. Standard & Poor's 500 index futures are down 0.70, or 0.1 percent, at 1,169.00, while Nasdaq 100 index futures are down 7.25, or 0.4 percent, at 1,965.50.