U.S. stock futures drop after Dow, S&P 500, and Nasdaq 100 tumbles. On Thursday’s early morning trading, U.S. stock futures traded lower as investors digested the remaining months of trading.
Dow futures declined more than 160 points. S&P 500 futures and Nasdaq 100 futures both fell.
Athletic retailer Lululemon’s shares rose more than 13% and furniture retailer RH jumped 1.32% during after-hours trading, showing stronger-than-forecasted earnings. Lululemon also reported a better-than-expected outlook for the third quarter and the year.
On Wednesday, the Dow tumbled 68 points, and the S&P 500 shed 0.13%, both fell for the third day straight.
The Nasdaq Composite dropped 0.6%, after leading companies Facebook, Apple, Netflix, and Google-parent Alphabet finished lower. The Nasdaq fell after rising on Tuesday.
Investors keeps eye on the latest weekly jobless claims data which is scheduled on Thursday morning. According to Dow Jones, Dow Jones forecasted 335,000 Americans filed for unemployment last week.
Labor Department’s Job Openings and Labor Turnover Survey showed job openings exceeded the unemployed in July.
The report showed job openings surged to 10.9 million in July, above FactSet’s estimate of 9.9 million as well as the 10.2 million from June.
“The deceleration in economic activity was largely attributable to a pullback in dining out, travel, and tourism in most Districts, reflecting safety concerns due to the rise of the Delta variant, and, in a few cases, international travel restrictions,” the Federal Reserve’s report said.