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Futures tied to the S&P 500 pared some losses after a less-than-expected rise in weekly jobless claims calmed some worries over a cooling labor market. Data showed the number of Americans filing new applications for unemployment benefits came in at 227,000 for the week ended Aug. 31, compared with estimates of 230,000 as per economists polled by Reuters. On the flip side, ADP National Employment data showed private employers hired the fewest number of workers in 3-1/2-years in August and data for the prior month was revised lower.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is set to release earnings results for its first quarter, after the closing bell on Thursday, Sept. 5. Analysts expect the Maryville, Tennessee-based company to report a quarterly loss at 2 cents per share, versus a year-ago profit of 7 cents per share. Smith & Wesson Brands projects to report quarterly revenue of $102.53 million for the quarter, according to data from Benzinga Pro. On June 20, Smith & Wesson reported quarterly earnings of 45 cents per s

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Shares of Frontier Communications are tumbling 10% in premarket trading after Verizon Communications said it plans to buy the fiber network company for $20 billion in cash.