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US stock futures pointed to a mixed start for Wall Street on Thursday as investors continue the waiting game on taxes and turn their attention to a looming government shutdown.
S&P 500 futures were flat at 2,628, while Dow Jones Industrial Average futures slipped 0.2 per cent to 24,115. Meanwhile Nasdaq 100 futures were up 0.2 per cent to 6,304.
Investors will be watching for any updates on how the House and Senate move to reconcile their versions of tax legislation and a looming government shutdown if Congress fails to pass another stopgap spending bill to fund the government after December 8. President Trump is expected to face off against Democratic leaders in Congress on Thursday.
Developments in the Middle East could capture market attention after President Donald Trump recognised Jerusalem as Israel’s capital, by saying he would move the US embassy to the city, defying many world leaders that cautioned that such a move could disrupt the Israel-Palestine peace process. The UN Security Council is expected to meet on Friday to discuss the move.
Markets also digested data that showed the number of American’s filing for fresh unemployment benefits unexpectedly slipped to 236,000, compared with the 240,000 economists had forecast and its lowest in five weeks.
Elsewhere, the dollar index, a gauge of the buck against a basket of six peers was up 0.2 per cent to 93.72, while yields on the US 10-year Treasury were down 0.5 basis points to 2.33 per cent. Meanwhile, bitcoin climbed above $15,000 on several exchanges in which the cryptocurrency is traded.