Stock index futures turned negative on Thursday after data showed first-time jobless claims rose unexpectedly in the latest week, underscoring labor market weakness.
S&P 500 futures dipped 1.9 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 24 points and Nasdaq 100 futures lost 1 point.
U.S. claims for unemployment benefits rose 12,000 to a seasonally adjusted 500,000 in the week ended August 14, a nine-month high, the Labor Department said.
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