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Futures extend drop on jobless claims, GDP


    NEW YORK (Reuters) - Stock index futures fell further on Thursday following a weaker-than-expected reading in gross domestic product, while weekly jobless claims jumped more than expected in another hint of a softening economy.

    S&P 500 futures were down 7.8 points, below fair value, a pricing evaluation that accounts for interest rates, dividends and time to expiration on the contract.

    Dow Jones industrial average futures slid 64 points, and Nasdaq 100 futures dropped 4.5 points.

    (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)