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US Equities Futures Slightly Lower Ahead of Weekly Jobless Claims Data

U.S. equities futures were slightly in the red Thursday before of the release of weekly jobless data while crude oil saw some respite from a weaker dollar.

At 8:30 a.m. E.T. data are expected to show jobless claims rose to 280,000 in the week ended Jan. 30, up from 278,000 the preceding week. The consensus range is between 274,000 and 290,000, according to data compiled by Econoday.

Meanwhile, non-farm productivity data for Q4, also out at 8:30 a.m, are expected to show a 1.8% decline vs. Q3, when it rose 2.2%. Unit labor costs are expected to increase by 4.4%, in the range between 1.9% and 5.4%.

In equities, oil and gas giant ConocoPhillips ( COP ) was down nearly 5% in recent pre-market trade after reporting disappointing Q4 results and as it slashed its dividend and lower its capital expenditure budge to preserve cash. Meanwhile, ADRs of Credit Suisse ( CS ) looked set to hit a new all-time low after taking an impairment on its Global Markets business and reporting a CHF5.83 billion loss ($5.83 billion).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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