US stocks are moving back lower in premarket trading

NASDAQ index down about 80 points

After the weaker than expected initial jobless claims, the stock futures have moved back to the downside. The futures are now implying:

  • Dow -91 points
  • NASDAQ -100 points
  • S&P index -16 points

The Dow had moved slightly positive ahead of the data. The NASDAQ index was down about -30 to -40 points before rotating back to the downside.

European shares are also moving lower with the German DAX now down around 1%.

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