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Futures Slide Ahead Of Jobless Claims As Gold Surge Continues

US stock index futures dropped on Thursday alongside European stocks as investors looked forward to the latest weekly jobless claims report to gauge the pace of a rebound in the labor market, while also anticipating a new fiscal stimulus bill.

The top decliner among components of the Nasdaq 100 index was Western Digital shares, which sank 8.9% pre-market after the hard drive maker reported weaker-than-expected fourth-quarter revenue and forecast a soft current quarter outlook.

In Europe, mining giant Glencore Plc led losses among peers after scrapping its dividend. U.K. broadcaster ITV Plc slumped after saying it wouldn’t provide an outlook for the rest of the year after the pandemic led to its worst-ever drop in advertising sales. Turkey’s lira tumbled to its lowest level against the dollar as interventions by state banks failed to reassure markets.

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