Stock index futures gained some ground following economic reports on jobless claims and gross domestic product came in better-than-expected.
Fewer Americans filed claims for jobless benefits last week. Applications fell in the previous week by 10,000 to 570,000. Continuing claims dropped 119,000 to 6.13 million, the lowest since April.
Separately, the U.S. economy contracted less than forecast in the second quarter as a jump in government spending and smaller cutbacks by consumers helped mitigate a record plunge in inventories. Gross domestic product shrank at a 1% annual rate from April to June, the Commerce Department said today. The report also showed corporate profits climbed by the most in four years.
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