US STOCKS SNAPSHOT-Futures extend losses after economic data

Reuters04-25

April 25 (Reuters) - U.S. stock index futures extended losses on Thursday as signs of robust economic growth dampened prospects of the Federal Reserve cutting interest rates anytime soon.

The Commerce Department's snapshot of first-quarter gross domestic product $(GDP)$ showed 1.6% growth, against a 2.4% increase forecast by economists polled by Reuters.

A separate report from the Labor Department showed the number of Americans filing new claims for unemployment benefits stood at 207,000 in the week ended April 20, against a consensus forecast of 215,000.

At 8:32 a.m. ET, Dow e-minis were down 401 points, or 1.04%, S&P 500 e-minis were down 58.75 points, or 1.15%, and Nasdaq 100 e-minis were down 269.25 points, or 1.52%.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Maju Samuel)

((Shashwat.Chauhan@thomsonreuters.com;))

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