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US Futures Slide After Massive Rally

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US stock futures were lower on Thursday following a massive rally in the previous session, while the turmoil in Washington and trade concerns have once again taken center stage.

Oil prices nudged lower with global benchmark Brent crude down 1.91%, and US crude West Texas Intermediate down 1.67% recently after posting its strongest daily gain in more than two years.

At 8:30 am ET, data are expected to show new unemployment claims rising 3,000 to 217,000 in the Dec. 22 week, according to data compiled by Econoday.

At 9 am, the Federal Housing Finance Agency house price index is expected to post a steady growth of 0.2% for October.

At 10 am, forecasters see consumer confidence coming in at 134.0 for December vs November's 135.7 level.

In equities, shares of Energous ( WATT ) were 23% higher pre-bell after the company launched the first customer product to secure approval from the Federal Communications Commission: the WattUp-enabled personal sound amplification products from Delight.

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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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