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The
number of Americans filing for state unemployment benefits last
week is expected to dip slightly but remain firmly above 800,000
as support from fiscal stimulus faded. The Labor Department's
data is scheduled for release at 8:30 a.m. ET (1230 GMT).
President Donald Trump on Wednesday accused Democrats of being
unwilling to craft an acceptable compromise for a coronavirus
aid bill, despite reports of some progress earlier in the day.
It was unclear whether the negotiations would continue or go
dormant until after the Nov. 3 presidential and congressional
elections.
All eyes will be on the final presidential debate on Thursday
night, where Trump will attempt to change the trajectory of the
race that Democratic challenger Joe Biden seems to be leading in
national polls.
Wall Street's main indexes ended a volatile session slightly
lower on Wednesday following conflicting reports on progress in
stimulus talks.
At 06:24 a.m. ET, Dow E-minis <1YMcv1> were down or 0.17% at
28,085 and S&P 500 e-minis <EScv1> slipped 0.17% to 3,426.75
3426.5 points. Nasdaq 100 E-minis <NQcv1> fell 0.18% to 11,670
points.
Tesla Inc <TSLA.O> climbed about 5% after the electric-car maker
reported its fifth consecutive quarterly profit on record
revenue of $8.8 billion.
Chipotle Mexican Grill Inc <CMG.N> fell 4% as it posted a drop
in quarterly profit, hurt by higher beef prices, delivery costs
and coronavirus-related expenses.
Soda maker Coca-Cola Co <KO.N> edged lower ahead of its
quarterly report.
(Reporting by Medha Singh in Bengaluru; Editing by Sriraj
Kalluvila)
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