Futures pare gains as U.S. weekly jobless claims top 6 million

FILE PHOTO: NYSE-AMEX Options floor traders from TradeMas Inc. work in an off-site trading office built when the New York Stock Exchange (NYSE) closed, due to the outbreak of the coronavirus disease (COVID-19), in the Brooklyn borough of New York City, U.S., March 26, 2020. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks index futures gave up early gains on Thursday after the number of Americans filing claims for unemployment benefits topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus.

At 8:40 a.m. ET, Dow e-minis 1YMcv1 were up 129 points, or 0.62%. S&P 500 e-minis EScv1 were up 16.5 points, or 0.67% and Nasdaq 100 e-minis NQcv1 were up 42 points, or 0.56%.

Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur

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