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S&P 500 futures rise as drop in jobless claims eases recession fears: Live updates ========== S&P 500 futures climbed higher Thursday after new labor market data boosted investors’ confidence in the U.S. economy after a sharp market sell-off earlier in the week. Futures tied to the broad market index gained 0.8%. Dow Jones Industrial Average futures added 149 points, or 0.4%. Nasdaq-100 futures advanced 1.1%. The latest weekly jobless claims came in below forecasts, helping to allay some recent concerns on the strength of the labor market. First-time filings for jobless benefits came in at 233,000 last week, down 17,000 from the previous week and lower than the Dow Jones estimate for 240,000, the Labor Department reported Thursday. Pharmaceutical giant Eli Lilly surged around 12% after posting better-than-expected earnings and raising its full-year outlook on strong demand for diabetes treatment Mounjaro and obesity drug Zepbound. Meanwhile, Warner Bros. Discovery were each sliding in extended trading after reporting soft second-quarter revenue results. The recent jolt of volatility into the market could be a preview of the rest of the year, said Joseph Ferrara, investment strategist at Gateway Investment Advisers. Ferrara told CNBC on Wednesday that economic concerns, geopolitical conflict and the looming November elections could keep investors on edge in the coming months. #S&p500 #JoblessClaims #LaborMarket #EliLilly #WarnerBrosDiscovery #Volatility https://www.cnbc.com/2024/08/07/stock-market-today-live-updates.html