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US Futures Narrowly Mixed Ahead of GDP, Jobs Data

U.S. stock futures were narrowly mixed on Thursday as traders looked ahead to economic data due later in the session.

Oil prices nudged higher with global benchmark Brent Crude up 1.1%, and U.S. benchmark West Texas Intermediate up 1.2% recently after a official data showed the biggest weekly decline in U.S. crude production in almost a year.

At 8:30 a.m., data are expected to show the third GDP estimate for Q1 unchanged at 1.2%. Forecasters also see jobless claims coming in unchanged at 241,000 in June, according to data compiled by Econoday.

Federal Reserve President James Bullard is scheduled to give a speech.

In equities, shares of Rite Aid ( RAD ) were 20.4% lower pre-bell after the company terminated its merger agreement with Walgreens ( WBA ).

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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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