Stock market today: Dow, S&P 500, Nasdaq futures fall after back-to-back losses, jobless claims dip

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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about 0.2%, and those tied to the S&P 500 (ES=F) lost 0.4%. Meanwhile, contracts on the tech-heavy Nasdaq 100 (NQ=F) declined 0.5%, after the major gauges closed lower for a second day.Markets are putting the brakes on stocks' recent record-breaking rally amid debate over whether AI fervor is stretching valuations too much. At the same time, the uplift from the Federal Reserve's switch to lowering rates is fading, as signs of division among policymakers dent hopes for another two cuts this year.In a positive sign for the labor market, jobless claims data released Thursday showed that the number of Americans filing for unemployment dropped to 218,000 for the week ending Sept. 20 from 232,000 previously, while continuing claims also fell slightly to 1.92 million.Meanwhile, US second quarter GDP rose to an annualized pace 3.8%, above estimates for a 3.3% pace of growth. Thursday's docket also brings readings on personal consumption and existing home sales, among other economic data.That sets the stage for Friday's release of the Personal Consumption Expenditures index, the Fed's preferred gauge of inflation. The PCE print for August is expected to show an easing in price pressures, which could make a case for a shift in rate policy.In corporates, Costco (COST) is expected to report its quarterly results after the bell on Thursday. Investors expect to see a jump in sales as shoppers pursue deals amid economic uncertainty.LIVE 12 updates9 mins agoLaura BrattonStarbucks announces plans to cut another 900 jobs and close more stores as its turnaround struggles continueYahoo Finance's Brooke DiPalma reports:Read the full story here.11 mins agoGrace O'DonnellUS economy rebounds in Q2 at 3.8% annualized rateData from the Bureau of Economic Analysis on Thursday showed the US economy grew at its fastest pace since 2023 in the second quarter.Real gross domestic product (GDP) increased at an annual rate of 3.8%, a dramatic rebound from the 0.6% drop in the first quarter and above estimates for 3.3% growth.The effects of the Trump administration's trade policies have skewed GDP readings somewhat. For instance, the first quarter decline primarily reflected a surge in imports, which are subtracted from GDP, the Commerce Department said.30 mins agoLaura BrattonUS jobless claims unexpectedly dipJobless claims in the US unexpectedly fell to 218,000 in the week that ended Sept. 20 from 232,000 the previous week, according to data from the Department of Labor released Thursday morning.The 218,000 initial unemployment insurance claims were also lower than the 221,000 claims in the same week last year.Economists tracked by Bloomberg had expected jobless claims to rise to 233,000 last week amid widening cracks in the labor market. Those cracks have featured heavily in discussions over the Fed's path to interest rate easing, as officials on the central bank's board of governors have expressed dissenting opinions over such rate cuts moving forward.39 mins agoKaren FriarStock market frothiness might just be a new normalHistoric parallels suggest Wall Street stocks are teetering on the edge, but the S&P 500 (^GSPC) trades like it's the new risk-free rate, Yahoo Finance's Hamza Shaban reports.He writes in the takeaway from today's Morning Brief:Read more here.Today at 11:59 AM UTCKaren FriarCarMax stock slides after Q2 earnings missShares of CarMax (KMX) fell 12% in premarket after the used-car dealership chain's quarterly results came in significantly short of Wall Street estimates.The company's CEO, Bill Nash, described the second quarter as "challenging" in a statement alongside the second quarter report.CarMax posted Q2 earnings per share of $0.64, compared with the $1.03 expected by analysts. Revenue also missed the mark, coming in at $6.59 billion versus the $7.05 billion estimated in a Zack's survey and $7.01 billion in the year-ago quarter. Today at 11:45 AM UTCBrett LoGiuratoWhite House amps up shutdown stakes with threats of mass firingsThe White House budget office directed federal agencies to devise plans to permanently reduce their workforces if the government shuts down next week, raising the stakes of an outcome that looks increasingly likely by the day.Politico reports that the White House memo targets "employees who work for programs that are not legally required to continue."More:The shutdown, set for 12:01 a.m. next Wednesday, represents an increasingly present threat to markets. President Trump this week scrapped a planned meeting with Democrats, who are seeking an extension of healthcare subsidies under the Affordable Care Act to be included in a spending bill.Reuters has a good explainer on how shutdowns affect markets.Today at 11:15 AM UTCKaren Friar'Security from what?': The unanswered questions about how Trump's TikTok deal will workThree milestones in the months ahead will determine how smoothly China might be able to spin off TikTok — amid questions about Oracle's (ORCL) role as security provider.Yahoo Finance's Ben Werschkul reports:Read more here.Today at 11:08 AM UTCKaren FriarIntel stock pops on report it's looking to Apple for investmentShares in Intel (INTC) are up over 3% in premarket trading, set to build on the prior day's jump, after Bloomberg reported the US chipmaker is in discussions with Apple (AAPL) for an injection of funds.Bloomberg reports:Read more here.Today at 10:57 AM UTCJenny McCallGood morning. Here's what's happening today.Today at 10:49 AM UTCJenny McCallPremarket trending tickers: Intel, Hertz and QualcommHere's a look at some of the top stocks trending in premarket trading:Intel (INTC) stock rose more than 3% in premarket trading on Thursday following news it had approached Apple (AAPL) about securing investment. Nvidia (NVDA) announced this month it will invest $5 billion in Intel.Hertz (HTZ) shares jumped 4% before the bell after announcing it will raise capital by selling $250 million exchangeable senior notes.Qualcomm (QCOM) stock fell 1% in premarket trading on Thursday. The group announced a series of new chips for PCs and phones the day prior.Today at 9:35 AM UTCBrian SozziCall of the morning: Redburn drops a Sell on OracleAs a former analyst, I love gutsy calls on stocks. My vibe was often to go against the grain where it made sense. Sometimes it worked, sometimes it didn't — it was fun either way.I have to give Redburn's Alex Haissl a shout-out this morning for dropping a Sell rating on one of the hottest stocks of the year, Oracle (ORCL). Haissl makes a compelling case to take profits in Oracle, in a new 59-page report shared with me.Here's his overall thesis:Haissl slapped Oracle with a $175 price target, assuming 42% downside from current levels.Today at 9:12 AM UTCKaren FriarChina tech stocks rise with record win streak in viewChinese tech stocks extended their rally on Thursday as investors stayed enthusiastic for the country’s AI developers.Bloomberg reports:Read more here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,658.25 -34.00 (-0.51%)Dow Futures46,303.00 -138.00 (-0.30%)Nasdaq Futures24,566.50 -172.75 (-0.70%)Russell 2000 Futures2,425.00 -29.10 (-1.19%)VIX17.42 +1.24 (+7.68%)Gold3,767.70 -0.40 (-0.01%)PortfolioSign in to access your portfolioSign inTop gainersQURE uniQure N.V. 47.50 +33.84 (+247.73%)CDTX Cidara Therapeutics, Inc. 88.58 +15.09 (+20.53%)OPEN Opendoor Technologies Inc. 8.23 +1.15 (+16.24%)SLNO Soleno Therapeutics, Inc. 64.50 +7.65 (+13.46%)IREN IREN Limited 47.14 +5.37 (+12.86%)Top losersFCX Freeport-McMoRan Inc. 37.67 -7.69 (-16.95%)QMMM QMMM Holdings Limited 95.00 -14.00 (-12.84%)WOR Worthington Enterprises, Inc. 53.29 -6.97 (-11.57%)SOC Sable Offshore Corp. 21.76 -2.73 (-11.15%)ALAB Astera Labs, Inc. 205.27 -24.84 (-10.79%)Most activeOPEN Opendoor Technologies Inc. 8.23 +1.15 (+16.24%)PLUG Plug Power Inc. 2.4000 -0.1300 (-5.14%)INTC Intel Corporation 31.22 +1.88 (+6.41%)RGTI Rigetti Computing, Inc. 31.64 +0.20 (+0.64%)NVDA NVIDIA Corporation 176.97 -1.46 (-0.82%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersINTC Intel Corporation 31.22 +1.88 (+6.41%)ACN Accenture plc 239.08 +3.58 (+1.52%)BB BlackBerry Limited 4.2700 0.0000 (0.00%)QURE uniQure N.V. 47.50 +33.84 (+247.73%)FCX Freeport-McMoRan Inc. 37.67 -7.69 (-16.95%)Top economic events