Dow Rises as Trump Promises $5,000 Dividend, S&P 500 Falls

U.S. stock futures are mixed on Thursday, with the Dow Jones index rising while the S&P 500 and Nasdaq 100 futures falling. The Dow Jones increased by 0.02% in premarket trading.

The seasonally adjusted initial jobless claims for the week ending Sept. 5 dipped to 206,000, indicating stability in employment. However, August's Producer Price Index (PPI) for final demand rose 0.4%, driven by a 4.2% jump in energy costs, bringing the unadjusted 12-month final demand increase to 5.4%.

President Donald Trump promised a $5,000 'Trump dividend' to citizens if the GOP maintains control of Congress. He also proposed renaming the Strait of Hormuz to 'Trump Strait.' Economist Peter Schiff cautioned that delayed resolutions will drive interest rates and oil prices higher.