Wall St poised to open slightly higher after Nvidia results, economic data

(Reuters) – U.S. stock index futures extended gains on Thursday as a better-than-expected GDP reading for the second quarter calmed fears of an imminent slowdown in the American economy.

Gross domestic product (GDP) grew by 3% in the last quarter, a Commerce Department report showed in its second estimate, better than expectations of a 2.8% growth.

Separately, a Labor Department report showed initial claims for unemployment benefits for the week ending Aug. 24 stood at 231,000, marginally lower than estimates of 232,000 as per economists polled by Reuters.

At 08:33 a.m. ET, Dow E-minis were up 289 points, or 0.7%, E-minis were up 81.75 points, or 0.42%, and E-minis were up 21 points, or 0.37%.