13/04/2024 11:08 AM

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Dow futures down 100, pause after big rally, jobless claims ahead

A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.

Spencer Platt | Getty Images

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7:52 am: China to open doors to foreign airlines after U.S. bans Chinese carriers

China’s aviation authority will let foreign airlines increase flights between the country and other regions starting Monday, a move that follows the U.S. suspending Chinese passenger flights from entering the U.S. These moves come as tensions between the two countries simmer amid the coronavirus pandemic and China imposing stricter security measures on Hong Kong. —Imbert, Cheng

7:21 am: Wall Street set to give back some of the early gains in June

U.S. stock futures pointed to a lower open on Thursday as Wall Street took a breather from its blistering start to June. Dow Jones Industrial Average futures traded 104 points lower, or 0.4{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, while S&P 500 futures slid 0.5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. Nasdaq 100 futures dipped nearly 0.2{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. The Dow was coming off a three-day winning streak after rallying more than 500 points on Wednesday. The S&P 500 posted on Wednesday its longest winning streak since February. Traders looked ahead to the release of weekly U.S. jobless claims as they gauge the economic damage from the coronavirus pandemic. —Imbert

—With reporting from Evelyn Cheng. 

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