Stock futures show little movement on last day of quarter as traders await jobs, GDP dataBy Stephen Bernard, AP
Thursday, September 30, 2010
Stock futures little changed to end quarter
NEW YORK — Stock futures are little changed as investors enter the last day of the quarter cautiously.
An upcoming report on first-time claims for unemployment benefits Thursday and a final reading on second-quarter gross domestic product are keeping traders from making any big moves.
Investors have bid up stocks throughout the month as reports topped modest growth expectations and fears about the economy falling back into recession dissipated.
Economists expect a slight dip in new claims. The final reading on second-quarter GDP is expected to show little change from a previous estimate.
Dow Jones industrial average futures are down 12, or 0.1 percent, at 10,768. S&P 500 futures are down 2, or 0.2 percent, at 1,139, while Nasdaq 100 futures are down 1, or 0.1 percent, at 2,008.
Tags: Economic Outlook, Labor Economy, New York, North America, Unemployment Insurance, United States