Stock market today: Nasdaq futures sink, Dow and S&P 500 look to snap 3-day losing streak ahead of inflation data

Weekly initial jobless claims release came in at 206,000 on Thursday, versus 205,000 expected by economists.

The reading came in lower than the prior week's claims, which were revised up to 207,000 from 206,000, according to government data.

Continuing claims came in at 1.77 million versus 1.78 million expected, which represents a downtick from the downwardly revised 1.775 million in the prior week.

The labor market has shown resilience in recent months, with the economy adding 162,000 jobs in August.