Wall Street set for muted open as jobless claims rise
- Dow Inc rises on upbeat sales forecast
- AT&T up on beating wireless subscriber addition estimate
- Futures: Dow down 0.13%, S&P down 0.06%, Nasdaq up 0.05%
July 22 (Reuters) - U.S. stock indexes were set for a subdued open on Thursday after data showed an unexpected rise in weekly jobless claims, while a steady flow of positive earnings reports offered markets some support.
The Labor Department's report showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 for the week ended July 17. Still, the number likely does not suggest a material shift in labor market conditions, with another month of strong job growth expected in July. read more
Investors have been closely following the health of the jobs market on which the Federal Reserve's monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.
A shift in attention to corporate earnings and the so-called value stocks have helped Wall Street …
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