Futures are down 100 points again after disappointing US jobless claims

Posted on June 4, 2020

Dow Jones Industrial Average futures traded just above the flatline after dropping more than 100 points earlier in the session. S&P 500 and Nasdaq 100 futures were well off their lows, trading down 0.3% and 0.1%, respectively.

The ECB said Thursday it will increase its Pandemic Emergency Purchase Programme by 600 billion euro, bringing the program’s total to more than 1 trillion euro. The ECB’s stimulus measures come as the Federal Reserve and other central banks around the world take action to curb the economic blow from the coronavirus pandemic.