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US STOCKS SNAPSHOT-Futures briefly pare losses after jobs data

Thu Nov 12, 2009 8:48am EST

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NEW YORK, Nov 12 (Reuters) - U.S. stock index futures briefly pared losses on Thursday after weekly jobless data showed the number of U.S. workers filing new benefit claims fell for the second week in a row.

Stocks  |  Industrials

* Futures were still weighed down by an earnings forecast from retailer Wal-Mart Stores Inc (WMT.N), which threatened to halt a six-day streak of gains for the Dow industrials.

* Initial claims for state unemployment benefits dropped last week to a seasonally adjusted 502,000, the lowest since January, from a revised 514,000 the prior week. Analysts polled by Reuters had expected initial claims to fall to 510,000 from an initially reported 512,000. (Reporting by Edward Krudy; Editing by Padraic Cassidy)



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