JBLU - Futures Fall as Traders Ponder Fed Outlook

Stock futures fell Thursday following a losing session on Wall Street, as traders continued to weigh the outlook for Federal Reserve monetary policy.

Futures for the Dow Jones Industrials lost 136 points, or 0.4%, to 34,368.

Futures for the S&P 500 dipped 18 points, or 0.4%, to 4,465.75.

Futures for the NASDAQ slipped 59.25 points, or 0.4%, to 15,301.50.

JetBlue Airways slipped 1.2% in the pre-market after the company announced it would end its partnership in the northeast U.S. with American Airlines to focus on Spirit Airlines. American shares moved 1% lower, while Spirit added 2.9%.

Meta Platforms stock climbed roughly 2% in premarket trading on Thursday after the launch of Threads, its rival platform to Twitter.

Threads went live on Wednesday, with Meta CEO Mark Zuckerberg and Meta seemingly seeking to sway Twitter users frustrated with Elon

Musk's changes to the platform to jump ship.

Wall Street also combed through minutes from June's Federal Reserve policy meeting, where members opted to skip a hike. The latest findings showed that most officials would support more increases ahead.

As of late Wednesday, traders are pricing in a nearly 89% chance of a hike at the central bank's meeting this month, according to CME Group's FedWatch tool.

Given this setup, investors aggressively positioned in this market for their time horizon or risk appetite may want to use periods of strength to take profits, he said.

The shortened trading week continues Thursday with a slew of fresh economic data points, including ADP private payrolls data for June and initial jobless claims. A reading of S&P Global services PMI and ISM services PMI are also on deck.

In Japan, the Nikkei 225 waned 1.7% Thursday, while markets in Hong Kong collapsed 3%

Oil prices gained 33 cents to $72.12 U.S. a barrel.

Gold prices hiked four dollars to $1,931.10. U.S. an ounce.