U.S. Stock Futures Retreat, Oil and Copper Drop

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U.S. stock futures fell Thursday, while oil and copper prices retreated and the dollar hit a nine-month high as investors weighed the likely reduction in stimulus measures by the Federal Reserve and rising Covid-19 cases. Futures for the S&P 500 lost 0.8%. The broad stocks gauge on Wednesday dropped 1.1%, its biggest retreat since mid-July. Futures for the Dow Jones Industrial Average also pointed to fresh losses Thursday, falling 0.9%. Contracts for the technology-focused Nasdaq-100 declined 0.7%. Fresh data showed that jobless claims fell to a pandemic low of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January. Stock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that rising coronav
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