{"id":113692,"date":"2021-05-06T12:26:33","date_gmt":"2021-05-06T12:26:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=113692"},"modified":"2021-05-06T12:26:33","modified_gmt":"2021-05-06T12:26:33","slug":"futures-rise-ahead-of-jobless-claims-data-drugmakers-extend-fall","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/futures-rise-ahead-of-jobless-claims-data-drugmakers-extend-fall\/","title":{"rendered":"Futures rise ahead of jobless claims data; drugmakers extend fall"},"content":{"rendered":"

(Reuters) – U.S. stock index futures rose on Thursday ahead of data that is expected to show a decline in weekly jobless claims, while shares of vaccine makers looked to extend losses after President Joe Biden\u2019s plan to back intellectual property waivers on COVID-19 shots.<\/p>

FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS\/Brendan McDermid<\/figcaption>

Shares in Pfizer Inc, Moderna Inc, Johnson & Johnson and Novavax Inc, all involved in the making of COVID-19 vaccines, fell between 0.6% and 5.4% in premarket trading.<\/p>\n

The declines were triggered after Biden said he had backed a World Trade Organization waiver for vaccine intellectual property to enhance the fight against the pandemic.<\/p>\n

The Dow Jones Industrial Average ended at a record high in the previous session, supported by a rise in economically sensitive cyclical stocks, while the Nasdaq was hit by declines in growth stocks.<\/p>\n

Shares of highly valued technology-related stocks, however, rose on Thursday, with Microsoft Corp, Apple Inc, Alphabet Inc and Amazon.com Inc gaining between 0.1% and 0.3%.<\/p>\n

A Labor Department report will likely show initial jobless claims fell to 540,000 last week from 553,000 in the previous week.<\/p>\n

Investors are awaiting the Labor Department\u2019s more comprehensive non-farm payrolls data on Friday, which is expected to show accelerating job growth in April.<\/p>\n

At 6:40 a.m. ET, Dow e-minis were up 48 points, or 0.14%, S&P 500 e-minis were up 7.75 points, or 0.19%, and Nasdaq 100 e-minis were up 48.75 points, or 0.36%.<\/p>\n

Among other companies, International Business Machines Corp rose 0.4% as it introduced what it says is the world\u2019s first 2-nanonmeter chipmaking technology for faster computing.<\/p>\n

Uber Technologies Inc fell 3.6% as it signaled it would pay drivers more to get cars back on the road and disclosed a $600 million charge to provide UK drivers with benefits.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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