Futures tied to the S&P 500 stalled near all-time-highs on Thursday ahead of weekly unemployment claims data and surveys on the services sector, which accounts for over two-thirds of the US economy.The labor market is slowly recovering but has been undermined by an increase in coronavirus infections and new business restrictions in the US, which has boosted layoffs and applied pressure on policy makers for a new stimulus package.The Labor Department’s report, due at 8.30 am ET (1330 GMT), is expected to indicate initial unemployment claims eased slightly to 775,000 in the week ended November 28 from 778,000.Republicans and Democrats also face a December 11 deadline to pass a $1.4 trillion budget or risk a shutdown of the government.
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