Stock market news live updates: Stocks listless after unexpected jump in jobless claims

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Stock market news live updates: Stocks listless after unexpected jump in jobless claims

Yahoo FinanceStock market news live updates: Futures lose steam after unexpected jump in joblessJavier E. David·Editor focused on markets and the economyJuly 22, 2021, 5:42 AM·4 min readIn this article: Stock futures rose on Thursday, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021. Sentiment took a hit after an unexpected jump in jobless claims, which last week set a fresh pandemic-era low. New unemployment filings jumped to 419,000 in the latest week, well above consensus estimates of 360,000.Since the onset of COVID-19, the data series has served as an avatar of the labor market's health, and could take on new importance if rising infections start to trigger new restrictions — which may lead