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Dow futures edge back as investors await jobless claims report, ECB decision - MarketWatch
Jun 04, 2020 1 min, 42 secs
stock-index futures were trading slightly lower Thursday morning, but pared earlier losses after the European Central Bank announced plans to increase its emergency stimulus program.

The Nasdaq Composite index had rallied to within 2% of its all-time high this week as a gradual restart to the U.S.

Futures for the Dow Jones Industrial Average.

rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data.

The Nasdaq Composite Index.

Read: The Nasdaq within 2% of a record high as the unbearable lightness of the stock market continues?

workers are expected to have applied for unemployment benefits in the week ended May 30, according to economists polled by MarketWatch.

However grim, that data could underscore that the economy may have seen the worst of the impact of the epidemic.

Private-sector employment data on Wednesday showed that a total of 2.76 million jobs were lost in May, Automatic Data Processing Inc.

Trillions of dollars in stimulus from the Federal Reserve and the U.S.

Investors were also digesting the decisions by Europe’s central bank to deliver further stimulus to its battered economy.

The central bank also said it would extend the program until June 2021, and reinvest maturing PEPP securities until at least the end of 2022.

That move came as German Chancellor Angela Merkel’s coalition agreed on a €130B economic stimulus package to boost consumer spending and business investment, according to Bloomberg News.

Related:The stock market has been rising.

rose $11.60, or 0.7%, at $1,709.40 an ounce, after finishing Wednesday’s session at its lowest in more than three weeks, according to FactSet data

was unchanged at 0.745%, after marking its highest level since April 8, according to Dow Jones Market Data

David Rosenberg, chief equity strategist at Rosenberg Research, has been saying for some time the market is running on a Federal Reserve-induced high

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