<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Stock futures traded mixed Thursday morning, but mostly hovered near the flat line as equity investors took a pause from the heavy selling a day earlier. Investors looked ahead to the Labor Department’s weekly jobless claims report released later in the morning.” data-reactid=”16″>Stock futures traded mixed Thursday morning, but mostly hovered near the flat line as equity investors took a pause from the heavy selling a day earlier. Investors looked ahead to the Labor Department’s weekly jobless claims report released later in the morning.

The three major indices renewed September’s selloff on Wednesday. Another day of tech declines dragged the S&P 500 and Nasdaq to their lowest closing levels since late July. The blue-chip index ended the day 9.6% below its record high from early September to come within striking distance of entering corrective territory, or a pullback of at least 10% from a recent closing high.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Equity investors are digesting a confluence of concerns, including increased uncertainty around the US presidential elections, signs of a growth slowdown, dimming hopes for fiscal stimulus and worsening trends in Covid-19 cases in the US and Europe, even as drugmakers race to develop an effective Covid-19 vaccine. JPMorgan Chase analysts said Tuesday that a contested US election is now their baseline view, given the expected rise in postal voting and President Donald Trump’s baseless but repeated allegations that the voting method is more conducive to fraud.” data-reactid=”18″>Equity investors are digesting a confluence of concerns, including increased uncertainty around the US presidential elections, signs of a growth slowdown, dimming hopes for fiscal stimulus and worsening trends in Covid-19 cases in the US and Europe, even as drugmakers race to develop an effective Covid-19 vaccine. JPMorgan Chase analysts said Tuesday that a contested US election is now their baseline view, given the expected rise in postal voting and President Donald Trump’s baseless but repeated allegations that the voting method is more conducive to fraud.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On stimulus, a number of Federal Reserve officials doubled down on assertions that it remained up to congressional lawmakers to unleash more fiscal stimulus to encourage a continued economic recovery. These remarks were spearheaded by Fed Chair Jerome Powell, who appeared before Congress for a second day of testimony on Wednesday and reiterated that more support was likely to be necessary, even as lawmakers remain at an impasse over how much fiscal stimulus should be unleashed and to whom it should be directed. In separate appearances and media discussions Wednesday, other officials including Cleveland Fed President Loretta Mester and Boston Federal Reserve President Eric Rosengren made similar remarks.” data-reactid=”19″>On stimulus, a number of Federal Reserve officials doubled down on assertions that it remained up to congressional lawmakers to unleash more fiscal stimulus to encourage a continued economic recovery. These remarks were spearheaded by Fed Chair Jerome Powell, who appeared before Congress for a second day of testimony on Wednesday and reiterated that more support was likely to be necessary, even as lawmakers remain at an impasse over how much fiscal stimulus should be unleashed and to whom it should be directed. In separate appearances and media discussions Wednesday, other officials including Cleveland Fed President Loretta Mester and Boston Federal Reserve President Eric Rosengren made similar remarks.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investors will receive another update on the state of the labor market Thursday morning with the Department of Labor’s weekly initial jobless claims report, which is expected to affirm the slowdown in the economic recovery. New jobless claims are expected to have come in at 840,000 last week, improving modestly from the 860,000 reported during the previous week.” data-reactid=”20″>Investors will receive another update on the state of the labor market Thursday morning with the Department of Labor’s weekly initial jobless claims report, which is expected to affirm the slowdown in the economic recovery. New jobless claims are expected to have come in at 840,000 last week, improving modestly from the 860,000 reported during the previous week.

7:20 a.m. ET Thursday: Stock futures mixed ahead of jobless claims report

Here were the main moves in markets as of 7:20 a.m. ET:

  • S&P 500 futures (ES=F): 3,230.00, down 1.25 points or 0.04%

  • Dow futures (YM=F): 26,689.00, up 4 points or 0.01%

  • Nasdaq futures (NQ=F): 10,799.75, down 29.25 points, or 0.27%

  • Crude (CL=F): +$0.04 (+0.1%) to $39.97 a barrel

  • Gold (GC=F): -$7.10 (-0.38%) to $1,861.30 per ounce

  • 10-year Treasury (^TNX): -0.7 bps to yield 0.669%

6:30 p.m. ET Wednesday: Stock futures trade mixed after selloff

Here were the main moves in equity markets, as of 6:30 p.m. ET Wednesday:

  • S&P 500 futures (ES=F): 3,234.00, up 2.75 points or 0.09%

  • Dow futures (YM=F): 26,728.00, up 43 points or 0.16%

  • Nasdaq futures (NQ=F): 10,821.75, down 7.25 points, or 0.07%

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, December 28, 2015. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, December 28, 2015. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, December 28, 2015. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on&nbsp;Twitter,&nbsp;Facebook,&nbsp;Instagram,&nbsp;Flipboard,&nbsp;LinkedIn, and&nbsp;reddit.” data-reactid=”52″>Follow Yahoo Finance on TwitterFacebookInstagramFlipboardLinkedIn, and reddit.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Find live stock market quotes and the latest business and finance news” data-reactid=”53″>Find live stock market quotes and the latest business and finance news

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For tutorials and information on investing and trading stocks, check out Cashay” data-reactid=”54″>For tutorials and information on investing and trading stocks, check out Cashay