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S&P, Dow stocks lower after jobless claims

NEW YORK (Reuters) - The S&P 500 and Dow stock futures fell further on Thursday after data showed a larger-than-expected increase in the number of people filing for unemployment benefits in the latest week.

Nasdaq stock futures were higher, gaining some support from Amazon.com Inc , whose quarterly profit beat Wall Street's forecasts.

S&P 500 futures fell 3.40 points and were about even with fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures declined 41 points, and Nasdaq 100 futures gained 6 points.

(Reporting by Ellis Mnyandu, Editing by Kenneth Barry)

(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.


 
 

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