Stock Market Today: S&P 500, Dow, Nasdaq Futures Fall As House Challenges Trump's Military Authority— Broadcom, CrowdStrike In Focus (UPDATED)
(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.) U.S. stock futures declined on Thursday after a lower close on Wednesday, as the Nasdaq 100, Dow Jones and S&P 500 fell. Weekly initial jobless claims jumped by 13,000 to a seasonally adjusted 225,000 for the week ending May 30. Meanwhile, the government downwardly revised its reading on first-quarter nonfarm labor productivity to a marginal 0.3% annualized growth rate—down from the previously reported 0.8%—while unit labor costs rose at a 1.8% clip. In a 215-208 vote, the Republican-controlled House passed a war powers resolution requiring President Donald Trump to obtain congressional authorization before continuing military action or deploying troops against Iran. Notably, four Republicans joined Democrats to pass the measure, marking a rare bipartisan challenge to the president’s military authority. Meanwhile, the 10-year Treasury bond yielded 4.49%, and the two-year bond was at 4.07%. The CME Group's FedWatch tool ‘s projections show markets pricing a 96.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting. Index Performance (+/-) Dow Jones 0.29% S&P 500 -0.37% Nasdaq 100 -0.85% Russell 2000 0.16% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ) , which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Thursday. The SPY was down 0.33% at $751.73, while the QQQ declined by 1.15% to $735.65. data-variant="card" data-news-mode="manual" > Read Also: 'E-Shaped' Economy: Fed Beige Book Reveals High Earners Keep Spending While Middle-Class Americans Stretch Every Dollar Stocks In Focus CrowdStrike Holdings CrowdStrike Holdings Inc. (NASDAQ: CRWD ) was 9.98% in premarket on Thursday, despite beating estimat
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