US futures regained some ground Thursday after investor concerns
that the U.S. Federal Reserve would start slowing down its asset
purchase program had depressed stocks for three straight days.
Futures were buffeted by better-than-expected export and import
data from China, signalling a stabilization of the world's second
largest economy, having helped European indexes to rise. Among the
biggest pre-market gainers were Groupon (
), adding 25% on the back of results and a $300 million share
buyback program and Tesla (
), rising 15% after having reported Q2 results that beat
Meanwhile, the dollar was at its lowest since June, still
weighed down by uncertainty about when the Fed will roll back its
quantitative easing program. US initial jobless-benefit claims were
333,000 compared to 336,000 and the prior-week was revised upward
to 328,000 from 326,000. Economists had predicted jobless claims
would rise to 335,000.
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