U.S. stock index futures jumped about 1% on Thursday as China sounded upbeat abo...
The Trump administration on Wednesday made official its additional 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting several hundreds of U.S. companies to warn of price hikes.
Wall Street’s main indexes are on course to record their worst monthly performance since a selloff in May, spurred by worries that tit-for-tat tariffs will drive the global economy into a recession. Those fears came to the fore after the U.S. yield curve inversion deepened earlier this week to levels not seen since 2007.
Separately, data from the Labor Department, which is also due at 08:30 a.m. ET, is likely to show that initial jobless claims rose to 215,000 from 209,000 for the week ended Aug. 24.
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